<SEC-DOCUMENT>0001137171-16-000343.txt : 20160801
<SEC-HEADER>0001137171-16-000343.hdr.sgml : 20160801
<ACCEPTANCE-DATETIME>20160729193843
ACCESSION NUMBER:		0001137171-16-000343
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160729
FILED AS OF DATE:		20160801
DATE AS OF CHANGE:		20160729

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELDORADO GOLD CORP /FI
		CENTRAL INDEX KEY:			0000918608
		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:	001-31522
		FILM NUMBER:		161795524

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1188 - BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2B5
		BUSINESS PHONE:		(604) 687-4018

	MAIL ADDRESS:	
		STREET 1:		SUITE 1188 - BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2B5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELDORADO CORP LTD                                       /FI
		DATE OF NAME CHANGE:	19960701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELDORADO GOLD CORP                                      /FI
		DATE OF NAME CHANGE:	19940203
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eldorado6k07292016.htm
<DESCRIPTION>ELDORADO GOLD CORPORATION - 6-K
<TEXT>
<html>

<head>
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>JA Filed by Filing Services Canada Inc. 403-717-3898</title>
</head>

<body>

<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center">&nbsp;</p>

<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>FORM
6-K</b></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt" align="center"><br>
</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center">UNITED
STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Report
of Foreign Private Issuer</b></p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Pursuant
to Rule 13a-16 or 15d-16<br>
of the Securities Exchange Act of 1934</b></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">For
the month of <b>July, 2016</b></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;
</p>
<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Commission
File Number &nbsp;<b>001-31522</b></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<table style="font-size:10pt" cellspacing="0" align="center">
  <tr>
    <td width="640">
      <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Eldorado
      Gold Corporation<br>
      </b>(Translation of registrant's name into English)</p>
    </td>
  </tr>
  <tr>
    <td width="640">
      <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b><br>
      1188-550
      Burrard Street</b></p>
      <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Bentall
      5</b></p>
      <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Vancouver,
      B.C.</b></p>
      <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Canada
      &nbsp;V6C 2B5<br>
      </b>(Address of principal executive offices)<br>
      </p>
    </td>
  </tr>
</table>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">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="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center">Form
20-F....[<b> &nbsp;&nbsp;</b>]..... Form 40-F...[.<b>X</b>.]...</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____</p>
<p style="margin-top:5pt; margin-bottom:5pt; padding-left:36pt; font-family:Times New Roman"><b>Note:
</b>Regulation&nbsp;S-T Rule&nbsp;101(b)(1) only permits the submission in paper
of a Form&nbsp;6-K if submitted solely to provide an attached annual report to
security holders.</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ____</p>
<p style="margin-top:5pt; margin-bottom:5pt; padding-left:36pt; font-family:Times New Roman"><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's &quot;home country&quot;), or under the rules of the
home country exchange on which the registrant's securities are traded, as long
as the report or other document is not a press release, is not required to be
and has not been distributed to the registrant's security holders, and, if
discussing a material event, has already been the subject of a Form&nbsp;6-K
submission or other Commission filing on EDGAR.</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Indicate
by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center">Yes
&nbsp;[ &nbsp;&nbsp;&nbsp;] &nbsp;No [ <b>X </b>]</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">If
&quot;Yes&quot; is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<hr>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<br>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>Signatures</b></p>
<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">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="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<div align="center">
  <center>
  <table style="font-size:10pt" cellspacing="0" width="100%">
    <tr>
      <td valign="top" width="319.2">
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Date:&nbsp;
        July 29, 2016</p>
      </td>
      <td valign="top" width="319.2">
        <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><b>ELDORADO
        GOLD CORPORATION</b></p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><u>/s/
        Dawn Moss<br>
        <br>
        </u></p>
        <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dawn
        Moss, Corporate Secretary</p>
      </td>
    </tr>
  </table>
  </center>
</div>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">Exhibits</p>
<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>
<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">99.1&nbsp;&nbsp;&nbsp;
<a href="newsrelease.htm">Press Release #16-15</a></p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>
<hr>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE #16-09
<TEXT>

<html>
<head>
<title>JA Filed by Filing Services Canada Inc. 403-717-3898</title><!--Document Created by EDGARMaster--></head>
<BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes">

<p style="MARGIN: 0px" align="right">&nbsp;</p>

<p style="MARGIN: 0px" align="right"><strong><font size="4"></font></strong></p>

<p style="MARGIN: 0px" align="right"><img src="img2.jpg" width="134" height="47"   ></p>

<p style="MARGIN: 0px" align="right">&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><strong><font size="4">NEWS RELEASE</font></strong></p>

<p style="MARGIN: 0px"><strong><font size="4">TSX: ELD NYSE: EGO</font></strong></p>

<p style="MARGIN: 0px"><strong></strong>&nbsp;</p>

<p style="MARGIN: 0px" align="center"><strong><font size="3">Eldorado Reports Second Quarter 2016 Results</font></strong></p>

<p style="MARGIN: 0px" align="center"><strong></strong>&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">VANCOUVER, July 28, 2016 &ndash; Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce the Company's financial and operational results for the second quarter ended June 30, 2016. Eldorado reported gold production of 124,110 ounces (2015: 181,160 oz) at an average cash operating cost of $607 per ounce (2015: $569/oz). Adjusted net earnings for the quarter was $11.7 million ($0.01 per share) compared to adjusted net earnings of $17.0 million ($0.02 per share) in 2015.</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">"Quarterly production was in-line with internal plans and we are expecting to produce a total of 570,000 ounces of gold at all in sustaining cash costs of $930 per ounce and cash costs of $595 per ounce for the full year 2016," stated Paul Wright, President and Chief Executive Officer of Eldorado.</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">"Development work at Skouries is ramping up following the Technical Study approval in early May. The Olympias Phase II development continues on schedule and initial production is expected in the first quarter 2017. I am also pleased to report that during the quarter we announced the sale of our Chinese assets, specifically the Jinfeng, White Mountain and Tanjianshan mines, as well as the Eastern Dragon project. The two transactions, expected to close in the third and fourth quarters, will result in an even stronger balance sheet. This balance sheet will enable us to re-invest in our high quality internal project pipeline and provide long term growth for Eldorado."</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="2">Second Quarter 2016 Financial and Operational Highlights </font></b><sup><font size="2">(1)</font></sup><b><font size="2"></font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font face="Wingdings">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Wingdings">n</font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Gold production of 124,110 ounces.</strong></p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top">&nbsp;</td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Wingdings">n</font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Gold revenues were $162.7 million</strong> on sales of 128,090 ounces of gold at an<strong> average realized gold price of $1,270 per ounce.</strong></p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top">&nbsp;</td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Wingdings">n</font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Liquidity of $422.8 million</strong>, including $202.8 million in cash, cash equivalents and term deposits, and $220.0 million in unused lines of credit.</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top">&nbsp;</td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Wingdings">n</font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>All-in sustaining cash costs </strong>averaged<strong> $933 per ounce;</strong> cash operating costs averaged<strong> $607 per ounce.</strong></p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top">&nbsp;</td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Wingdings">n</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Announced agreements to sell the Chinese portfolio of assets to two parties for a total of <strong>$900 million </strong>in cash, subject to regulatory and other approvals and closing adjustments.</p></td></tr>
</table></font>&nbsp;

<p style="MARGIN: 0px"><font size="1">Throughout this press release we use cash operating cost per ounce, total cash costs per ounce, all-in sustaining cost per ounce, gross profit from gold mining operations, adjusted net earnings and cash flow from operating activities before changes in non-cash working capital as additional measures of Company performance. These are non IFRS measures. Please see our MD&amp;A for an explanation and discussion of these non IFRS measures. All dollar amounts in US $, unless stated otherwise.</font></p>

<p style="MARGIN: 0px"><font size="1">&nbsp;</font></p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td width="4%"><font size="1"></font></td>
    <td valign="top" width="4%"><font size="1">(1)</font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="1">Includes discontinued operations</font></p></td></tr>
</table>

<p style="MARGIN: 0px"><font size="1">&nbsp;</font></p>

<p style="MARGIN: 0px" >

<table id="pagebreak6929dca7-e81e-4119-b764-1e5b2e383775" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">1</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Review of Financial Results</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Continuing operations</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; WIDTH: 100%; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <TD STYLE="background-color: #dee6cc; vertical-align: bottom">
        <p style="MARGIN: 0px"><b><font size="2">Summarized financial results from continuing </font></b></p></td>
    <td style="border-left: 1px solid black; border-bottom: 1 solid #000000" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="border-bottom: 1 solid #000000" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">3 months ended June 30,</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">6 months ended June 30,</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="left"><font size="2"><strong>operations&ndash; millions, except where noted</strong></font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="3">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc"></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Revenues</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">107.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">124.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">201.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">257.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold revenues</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">98.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">114.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">188.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">233.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold sold (ounces)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">77,623</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96,209</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">152,606</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">193,834</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Average realized gold price (per ounce)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,267</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,201</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,237</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,214</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash operating costs (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">490</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">561</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">504</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">549</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">505</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">577</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">521</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">565</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">All-in sustaining cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">808</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">797</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">833</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">799</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gross profit from gold mining operations<sup></sup></font></p></td>
    <td style="BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">41.4</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">39.7</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">73.5</td>
    <td style="BORDER-RIGHT: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">88.2</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Including discontinued operations<sup></sup></font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; WIDTH: 100%; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <TD STYLE="background-color: #dee6cc; vertical-align: bottom">
        <p style="MARGIN: 0px"><b><font size="2">Summarized financial results including discontinued</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">3 months ended June 30,</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">6 months ended June 30,</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="left"><font size="2"><strong>&nbsp;operations&ndash; millions, except where noted</strong></font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center"><font size="2">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></font></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center"><font size="2">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></font></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center"><font size="2">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></font></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold revenues</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">162.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">204.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">322.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">428.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold sold (ounces)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">128,090</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">170,056</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">261,557</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">351,876</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Average realized gold price (per ounce)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,270</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,201</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,233</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,217</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash operating costs (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">607</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">569</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">605</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">545</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">650</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">618</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">654</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">597</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">All-in sustaining cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">933</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">854</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">908</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">811</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gross profit from gold mining operations<sup></sup></font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">55.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">61.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">138.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Adjusted net earnings</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Net profit (loss) attributable to shareholders of the Company</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(329.9</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(198.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(332.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(206.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Earnings (loss) per share attributable to shareholders of the Company &ndash; Basic (per share)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.46</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.28</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.46</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.29</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Earnings (loss) per share attributable to shareholders of the Company &ndash; Diluted (per share)</font></p></td>
    <td style="BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.46</td>
    <td style="BORDER-RIGHT: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.28</td>
    <td style="BORDER-RIGHT: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.46</td>
    <td style="BORDER-RIGHT: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">$</td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.29</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Loss attributable to shareholders of the Company was $329.9 million (or $0.46 per share) for the quarter compared with a loss of $198.6 million (or $0.28 per share) in the second quarter of 2015. During the quarter the Company recorded a post-tax impairment loss of $339.0 million in discontinued operations related to the Company's Chinese assets. The loss reported during the second quarter of 2015 was mainly due to an impairment loss in the amount of $214.1 million recorded against Certej. Adjusted net earnings for the quarter were $11.7 million (or $0.01 per share) compared with $17.0 million (or $0.02 per share) in the second quarter of 2015. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Gross profit from continuing gold mining operations increased slightly year over year as the impact of lower sales volumes was offset by higher gold prices and lower unit operating costs. Gold sales volumes from continuing operations fell year over year due to an anticipated decrease in gold production from Kisladag in comparison with 2015. Kisladag's production was impacted by longer leach cycles as a result of solution being applied to higher lifts. Additionally, production during 2015 benefitted from significant leach pad inventory draw down due to an increase in the solution pumping and treatment capacity installed at the end of 2014. Cash operating costs per ounce from continuing operations decreased year over year due to lower cash operating costs at Kisladag. Mining costs at Kisladag fell 44% as a result of a 64% drop in waste stripping tonnes year over year.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Loss from discontinued operations was $339.4 million compared with a profit of $10.0 million in the second quarter of 2015. In addition to the $339.0 million impairment loss mentioned above, the loss from discontinued operations included gross profit from gold mining operations of $14.0 million (2015 - $21.6 million), general and administrative expenses of $10.5 million (2015 - $3.4 million), and income tax expense of $2.8 million (2015 &ndash; $7.4 million).</p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Review and 2016 Outlook</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b>Operations Update</b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Kisladag</i></b></p>

<p style="MARGIN: 0px">Kisladag's gold production of 49,924 ounces during the quarter was impacted by longer leach cycles as a result of solution being applied to higher lifts. Production during 2015 had also benefitted from significant leach pad inventory draw down as a result of an increase in the solution pumping rate from equipment installed at the end of 2014. Production is expected to increase throughout the remainder of the year as leach cycles benefit from lower lifts placed on new leach pad cells. Cash operating costs decreased to $479 per ounce due to lower mining costs and higher recovery rates. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Capital expenditures of $6.2 million for the quarter included costs for capitalized waste stripping and sustaining construction activities. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i><font size="2">Efemcukuru</font></i></b></p>

<p style="MARGIN: 0px">Efemcukuru's gold production of 23,406 ounces during the quarter was lower year over year due to an 18% decrease in average treated head grade. Cash operating costs increased to $509 per ounce and were higher year over year due to lower head grade. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Capital spending of $7.2 million during the quarter included underground development and mine mobile equipment. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Tanjianshan</i></b></p>

<p style="MARGIN: 0px">Tanjianshan's gold production of 13,900 ounces during the quarter was 45% lower year over year due to a decrease in head grade and lower recovery rate. Cash operating costs of $830 per ounce for the quarter were 85% higher year over year due to lower gold produced. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">Subsequent to the quarter, Tanjianshan reported a crack in the mill shell. It is expected that this will take 3-4 weeks to repair by welding. During this period, any other shutdown works requiring downtime will also be completed. </font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Jinfeng</i></b></p>

<p style="MARGIN: 0px"><font size="2">Jinfeng's gold production of 22,353 ounces during the quarter was 42% lower year over year mainly as a result of less ore milled and lower head grade, largely due to the end of open pit mining in the second quarter of 2015. Cash costs of $821 per ounce were higher year over year due to lower gold produced. </font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">Capital expenditures of $1.1 million for the quarter included underground development, mining equipment and tailings dam improvements.</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>White Mountain</i></b></p>

<p style="MARGIN: 0px">White Mountain's gold production of 14,527 ounces during the quarter was 22% lower year over year due to slightly reduced milled tonnage and lower feed grade. Cash operating costs of $824 per ounce were 9% higher, as a result of lower gold produced. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Capital expenditures of $2.0 million for the quarter included underground development, exploration drilling, tailings dam construction, and sustaining capital projects within the processing plant. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Stratoni</i></b></p>

<p style="MARGIN: 0px">Concentrate production during the quarter at Stratoni was higher year over year due to higher ore tonnes processed and zinc head grades. Higher mine production and plant throughput reflected commencement of a trial of continuous underground operations in April, and reduced days lost to stoppages.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Gold Projects Update</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Olympias</i></b></p>

<p style="MARGIN: 0px">At Olympias, progress was made in the Phase II civil works and steelwork fabrication during the quarter. Concrete demolition work was completed across the site, providing access into additional areas for the civil contractor. Progress was also made on the design and procurement of steel work with arrival of the first deliveries for the crushing area in late June. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">By the end of the quarter the majority of the long lead items had arrived at site including a number of batches of flotation cells. Plate work fabrication also commenced for the crushing and main production buildings and the refurbishment of existing equipment&nbsp;is proceeding to schedule. The key highlight of the quarter was the awarding of the structural and mechanical installation contracts, which were placed in late June and mobilisation is due to begin early August. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Total capital expenditure for the quarter was $30.0 million.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Skouries</i></b></p>

<p style="MARGIN: 0px">Skouries began the quarter on care and maintenance, however activities recommenced late in the quarter after receipt of the approval of the Updated Technical Study on May 9, 2016. Construction teams began to remobilize in early June, with the ramp up planned over the next few months. Early activities will be limited to those that take advantage of the summer weather window, including earthworks, completion of building foundations and remaining tree cutting, as well as enabling works for the tailings management facility access road. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Total capital expenditures during the quarter were $5.9 million.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Perama Hill</i></b></p>

<p style="MARGIN: 0px">No project development activities took place during the quarter and the project remains on care and maintenance. </p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Certej</i></b></p>

<p style="MARGIN: 0px">During the quarter project development focused on continued optimization work in the areas of the metallurgical process, water and waste management and site infrastructure.&nbsp;Development continued at the onsite quarry to produce aggregates for onsite road construction and water management facilities.&nbsp;Offsite infrastructure work was focused on upgrading the main waterline. Higher level capital and operating costs updates are underway in order to support ongoing permitting activities.&nbsp;</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">A total of $3.6 million was spent on Certej during the quarter.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Tocantinzinho</i></b></p>

<p style="MARGIN: 0px">Site activity increased during the quarter as a result of the beginning of the dry season. Work included further geotechnical drilling at the plant and infrastructure areas, maintenance work on the access road and an increase in security facilities, primarily around the camp. Work on the power line and access road focused on engineering design to bring both project areas to a high level of basic design for permitting and costing purposes.&nbsp;A similar approach has been taken with the tailings management and mine rock storage facilities to support ongoing permitting activities.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Capital costs incurred at Tocantinzinho during the quarter totalled $0.9 million.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Eastern Dragon</i></b></p>

<p style="MARGIN: 0px">During the quarter, Eastern Dragon remained on care and maintenance as the Company continues to advance the permitting process. The Mining License application has been submitted. Work continued on amendments to the Feasibility Report for forest usage. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Exploration Review</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">During the quarter 7,100 metres of exploration drilling were completed at the Company's operations and exploration projects. The 2016 drilling programs have been affected by delays in obtaining drilling permits. A total of $9.1 million was spent on exploration and evaluation programs.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Greece</i></b></p>

<p style="MARGIN: 0px">In Greece, exploration activities focused on the Stratoni corridor, and included geological mapping, updating the three dimensional model for the Mavres Petres orebody and relogging of historical drillcore. Development of the hangingwall exploration drift, designed to provide access for exploration drilling of extensions to the Mavres Petres orebody, will commence in early July. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Romania</i></b></p>

<p style="MARGIN: 0px">Fieldwork in Romania during the quarter focused on defining epithermal targets for drilling peripheral to the Certej deposit. Drilling permit applications are pending for several of these, and we expect the work to commence in the third quarter. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Turkey</i></b></p>

<p style="MARGIN: 0px">Exploration in Turkey concentrated on project generation work, primarily to identify Tertiary volcanic centers in the western part of the country similar to that which hosts the Kisladag deposit. Detailed mapping and modelling work was also completed at the Efemcukuru mine, targeting extensions to the Kokarpinar and Kestane Beleni veins that are scheduled for drilling later this year. </p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>China</i></b></p>

<p style="MARGIN: 0px">In China, drilling was completed at both the White Mountain and Tanjianshan operations. High-grade extensions to the North and Far North ore zones continue to be intersected at White Mountain, with notable intercepts including 11.8 metres grading 12.82 grams per tonne gold and 11.2 metres grading 7.06 grams per tonne gold. Drilling at Tanjianshan tested four areas, including the Xinjingou deposit which resulted in intercepts of 3.7 metres grading 3.71 grams per tonne gold and 7.0 metres grading 3.73 grams per tonne gold.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i>Brazil</i></b></p>

<p style="MARGIN: 0px">There was no exploration activity during the quarter at Tocantinzinho in Brazil. Reconnaissance-level mapping and sampling programs were conducted over our licenses in the Mara Rosa belt in Goias State, and new project areas in Minas Gerais and northeastern Brazil.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Corporate Development </font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">On April 26, 2016, the Company announced that it had reached an agreement to sell its 82 percent interest in the Company's Jinfeng mine to a wholly-owned subsidiary of China National Gold Group for $300 million in cash, subject to certain conditions and closing adjustments. On May 16, 2016, the Company announced that it had reached an agreement to sell its respective interests in the White Mountain and Tanjianshan mines, and the Eastern Dragon development project to an affiliate of Yintai Resources Co. Ltd. for $600 million in cash, subject to certain conditions and closing adjustments. With the completion of these two transactions, the Company will have effectively divested of its Chinese business segment. The transactions are expected to close in the third to fourth quarter 2016 and are subject to obtaining various regulatory and other approvals. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Outlook</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">Gold production for 2016, including discontinued operations is forecast to be 570,000 ounces of gold with average cash costs for commercial production of $595 per ounce and all-in sustaining cash costs of $930 per ounce. Previous guidance was production of 565,000 - 630,000 ounces at average cash costs of $585 to $620 per ounce and all-in sustaining cash costs of $960 to $995 per ounce. Capital spending is forecast to be $95.0 million in sustaining capital and $250.0 million in new project development capital compared with previous guidance of $105.0 million and $235.0 million respectively. The forecast for new project development capital is higher than original guidance mainly due to projected higher capital spending at Skouries following the approval of the updated technical study during the quarter and the restart of construction activities at site.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">In Turkey, the Company's two operating mines continue with no disruptions and all employees are accounted for and safe. The Company is confident the country will continue to provide conditions suitable for ongoing operations and further investment.</p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Dividend</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">The Company suspended the cash payment of its semi-annual dividend payment effective the first quarter of 2016. The decision of the Board of Directors was made in view of the low gold price and the terms and conditions of the Dividend Policy. The Company continues to believe that a portion of funds from operations should be shared with investors and looks forward to resuming dividend payments in a stronger gold price environment.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Conference Call</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">A conference call to discuss the details of the Company's Second Quarter 2016 Results will be held by senior management on July 29, 2016 at 8:30 AM PT (11:30 AM ET). The call will be webcast and can be accessed at Eldorado Gold's website: www.eldoradogold.com </p>

<p style="MARGIN: 0px">&nbsp;</p>

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    <td valign="top" colspan="2">
        <p style="MARGIN: 0px"><font size="3"><b>Conference</b><b>Call Details</b></font></p></td>
    <td valign="top" colspan="2">
        <p style="MARGIN: 0px"><b><font size="3">Replay (available until August 5, 2016)</font></b><b><font size="2"></font></b></p></td></tr>
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    <td valign="top" width="10%">Date: </td>
    <td valign="top" width="30%" =""="">Friday July 29, 2016 </td>
    <td valign="top" width="10%" =""="">Toronto: </td>
    <td valign="top" =""="">416 849 0833 </td></tr>
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<tr height="15">
    <td valign="top">Time: </td>
    <td valign="top" =""="">8:30 am PT (11:30 am ET) </td>
    <td valign="top" =""="">Toll Free: </td>
    <td valign="top" =""="">1 855 859 2056 </td></tr>
<tr height="15">
    <td valign="top">Dial in: </td>
    <td valign="top" =""="">647 427 7450 </td>
    <td valign="top" =""="">Pass code: </td>
    <td valign="top" =""="">431 275 04 </td></tr>
<tr height="15">
    <td valign="top">Toll free: </td>
    <td valign="top" =""="">1 888 231 8191 </td>
    <td valign="top" =""=""><b></b></td>
    <td valign="top" =""=""><b></b></td></tr>
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<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">About Eldorado Gold</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">Eldorado is a leading low cost gold producer with mining, development and exploration operations in Turkey, China, Greece, Romania and Brazil. The Company's</font><font size="2"> success to date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, and long-term partnerships with the communities where it operates. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><i><font size="1">Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information herein include, but are not limited to the Company's 2016 Second Quarter Results.</font></i></p>

<p style="MARGIN: 0px"><font size="1">&nbsp;</font></p>

<p style="MARGIN: 0px"><i><font size="1">Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about the political and economic environment that we operate in, the future price of commodities and anticipated costs and expenses. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: political and economic environment, gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory environment and restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; risks related to completing the Chinese monetization process and impact of the Jinfeng, White Mountain, Tanjianshan and Eastern Dragon sales on the Company; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form &amp; Form 40-F dated March 30, 2016. </font></i></p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><i><font size="1">There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.</font></i></p>

<p style="MARGIN: 0px"><font size="1">&nbsp;</font></p>

<p style="MARGIN: 0px"><b><i><font size="1">Qualified Person</font></i></b></p>

<p style="MARGIN: 0px"><i><font size="1">Dr. Peter Lewis, P. Geo., Vice President, Exploration at Eldorado, is the Qualified Person for the technical disclosure of exploration results in this press release. Drillhole results quoted represent mineralized widths in drillholes, which are greater than the true widths of mineralized zones. Assay results reported in this release for White Mountain in China were determined from diamond drill core samples that were crushed, split, and pulverized at Eldorado's sample preparation facilities at the White Mountain mine. Gold analyses were completed by fire assay at the ALS Chemex facility in Guangzhou. Field duplicate, and blank samples were inserted prior to shipment to the preparation facility, certified standard reference materials were inserted prior to shipment to the assay laboratory, and results were regularly monitored to ensure the quality of the data. </font></i></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><font size="3">Contact</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">Krista Muhr, Vice President Investor Relations &amp; Corporate Communications</font>&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">Eldorado Gold Corporation</font>&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">604.601.6701</font><font size="2">or 1.888.353.8166</font>&nbsp;</p>

<p style="MARGIN: 0px"><font size="2">604.601.6702</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

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<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" align="center"><b><font size="3">Q2 2016 Gold Production Highlights (in US$)</font></b></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; WIDTH: 100%; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" width="11%" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Second</font></b></p>
        <p style="MARGIN: 0px" align="center"><b><font size="2">Quarter</font></b></p>
        <p style="MARGIN: 0px" align="center"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#e1e1e1" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" width="11%" align="center">
        <p style="MARGIN: 0px" align="center"><font size="2"><strong>Second</strong></font></p>
        <p style="MARGIN: 0px" align="center"><font size="2"><strong>Quarter</strong></font></p>
        <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" width="11%" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">YTD</font></b></p>
        <p style="MARGIN: 0px" align="center"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="11%" align="center">
        <p style="MARGIN: 0px" align="center"><font size="2"><strong>YTD</strong></font></p>
        <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><u><b><font size="2">Gold Production </font></b><sup><font size="2">1</font></sup></u><b><font size="2"></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>128,090</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">170,056</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>261.557</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">351,876</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced<sup>2</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>124,110</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">181,160</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>265,099</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">370,574</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup>3,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>607</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">569</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>605</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">545</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total Cash Cost ($/oz)<sup>4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>650</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">618</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>654</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">597</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Realized Price ($/oz - sold)<sup></sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" align="right"><b>1,270</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" align="right">1,201</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" align="right"><b>1,233</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1,217</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2"><u>Ki&#351;lada&#287; Mine, Turkey</u></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>49,942</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">67,981</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>102,621</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">146,983</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>49,924</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">67,778</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>102,300</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">147,034</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Tonnes to Pad</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>4,256,279</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">4,873,089</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>8,303,175</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">9,099,202</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Grade (grams / tonne)</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>0.81</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">0.66</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>0.77</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">0.68</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup>5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>479</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">596</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>508</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">556</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total Cash Cost ($/oz)<sup>4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" align="right"><b>497</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" align="right">611</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" align="right"><b>525</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">572</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2"><u>Efem&ccedil;ukuru Mine, Turkey</u></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>27,681</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">28,228</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>49,985</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">46,851</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>23,406</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">27,705</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>50,922</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">48,925</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Tonnes Milled</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>120,044</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">113,851</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>236,531</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">219,270</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px 0px 0px 15px; text-align: left"><font size="2">Grade (grams / tonne)</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>6.95</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">8.53</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>7.45</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">7.95</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup>5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>509</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">477</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>495</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">527</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px; TEXT-INDENT: 15px"><font size="2">Total Cash Cost ($/oz)<sup>4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" align="right"><b>521</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" align="right">494</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" align="right"><b>512</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">544</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2"><u>Tanjianshan Mine, China</u></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>13,900</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">16,875</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>27,953</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">43,501</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>13,900</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">25,074</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>27,953</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">51,700</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Tonnes Milled</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>272,673</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">274,194</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>541,288</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">531,491</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Grade (grams / tonne)</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>2.01</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">3.29</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>1.92</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">3.42</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup>5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>830</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">449</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>841</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">423</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total Cash Cost ($/oz)<sup>4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" align="right"><b>963</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" align="right">626</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" align="right"><b>1,023</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">594</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2"><u>Jinfeng Mine, China</u></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>22,040</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">38,289</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>48,136</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">74,975</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>22,353</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">38,234</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>48,288</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">74,920</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Tonnes Milled</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>262,101</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">329,738</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>567,585</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">651,444</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Grade (grams / tonne)</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>3.22</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">4.21</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>3.24</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">4.15</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup> 5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>736</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">551</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>731</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">535</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total Cash Cost ($/oz)<sup> 4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" align="right"><b>821</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" align="right">632</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" align="right"><b>813</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">621</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2"><u>White Mountain Mine, China</u></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>14,527</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">18,683</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>32,862</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">39,566</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>14,527</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">18,683</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>32,862</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">39,566</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Tonnes Milled</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>198,994</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">210,753</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>405,084</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">417,360</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Grade (grams / tonne)</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>2.54</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">2.97</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>2.90</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">3.26</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup> 5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>824</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">757</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>689</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">674</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total Cash Cost ($/oz)<sup> 4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dfdfdf" valign="bottom" align="right"><b>867</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" align="right">796</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#c0c0c0" valign="bottom" align="right"><b>729</b></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">713</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2"><u>Olympias, Greece</u></font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Sold</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">-</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">-</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Ounces Produced<sup>2</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">3,686</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>2,774</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">8,429</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Tonnes Milled</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">146,893</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>87,350</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">303,933</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Grade (grams / tonne)</font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">1.85</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>2.47</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">2.05</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash Operating Cost ($/oz)<sup>5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">-</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">-</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total Cash Cost ($/oz)<sup>4,5</sup></font></p></td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dfdfdf" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#e1e1e1" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" bgcolor="#ffffff" valign="bottom" align="right">-</td>
    <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#c0c0c0" valign="bottom" align="right"><b>-</b></td>
    <td style="BORDER-RIGHT: black 1px solid" bgcolor="#c0c0c0" valign="bottom"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td id="ffcell" valign="bottom" align="right">-</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">_____________&nbsp;</p>

<p style="MARGIN: 0px"><sup><font size="2">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><font size="1">1 </font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="1">Gold production includes both continuing and discontinued operations.</font></p></td></tr>
<tr>
    <td valign="top" width="45"><font size="1">2 </font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="1">Ounces produced include production from tailings retreatment at Olympias.</font></p></td></tr>
<tr>
    <td valign="top" width="45"><font size="1">3 </font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="1">Cost figures calculated in accordance with the Gold Institute Standard.</font></p></td></tr>
<tr>
    <td valign="top" width="45"><font size="1">4 </font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="1">Cash operating costs, plus royalties and the cost of off-site administration.</font></p></td></tr>
<tr>
    <td valign="top" width="45"><font size="1">5 </font></td>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="1">Cash operating costs and total cash costs are non-IFRS measures. Please see our MD&amp;A for an explanation and discussion of these.</font></p></td></tr>
</table></font></sup>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" >

<table id="pagebreak5eae266f-5c97-4bc8-b41b-e032b0e3d3ad" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">9</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Eldorado Gold Corporation&nbsp;</font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Unaudited Condensed Consolidated Balance Sheets</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars)<font size="2"></font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="left">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">June 30, 2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">December 31, 2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="left">&nbsp;&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD COLSPAN="2">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td>
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD COLSPAN="2">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="left">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center"></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center"></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><b><font size="2">ASSETS</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><b><font size="2">Current assets</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Cash and cash equivalents</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">125,652</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">288,189</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Term deposits</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,317</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,382</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Restricted cash </font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">253</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">248</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Marketable securities <b></b></font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">41,445</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">18,331</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Accounts receivable and other</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">49,367</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">85,468</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Inventories</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">117,476</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">175,626</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Assets held for sale</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>5</em></p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,219,455</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px" align="left">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,558,965</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">572,244</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><font size="2">Other assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">81,469</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">83,147</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><font size="2">Defined benefit pension plan</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">12,856</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,897</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><font size="2">Property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,498,434</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,747,759</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><font size="2">Goodwill</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>5</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">50,276</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px" align="left">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: Black 3pt double">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="vertical-align: bottom; width: 9%; text-align: right; border-bottom: Black 3pt double">5,151,724</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 3pt double; text-align: right; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="vertical-align: bottom; border-bottom: Black 3pt double; text-align: right; width: 9%">5,464,323</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><b><font size="2">LIABILITIES &amp; EQUITY</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><b><font size="2">Current liabilities</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Accounts payable and accrued liabilities</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">92,930</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">236,819</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Current debt</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>6</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">30,000</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px" align="left"><font size="2">Liabilities held for sale</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>5</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">258,431</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px" align="left">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">381,361</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">236,819</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px" align="left"><font size="2">Debt</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>6</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">590,492</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">589,395</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Other non-current liability</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,876</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,166</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Asset retirement obligations</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">79,717</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">102,636</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Deferred income tax liabilities</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">423,613</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">607,871</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,482,059</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,542,887</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Equity</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Share capital</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>7</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,819,101</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,319,101</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Treasury stock</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(8,015</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(10,211</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Contributed surplus</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,602,027</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">47,236</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Accumulated other comprehensive loss</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,301</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(20,572</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Deficit</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,916,215</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,583,873</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total equity attributable to shareholders of the Company</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,502,199</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,751,681</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Attributable to non-controlling interests</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">167,466</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">169,755</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,669,665</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,921,436</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">5,151,724</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 3px double; vertical-align: bottom; width: 9%; text-align: right">5,464,323</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font size="2"><strong>Approved on behalf of the Board of Directors</strong></font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td width="25%">
        <p style="MARGIN: 0px"><em>(Signed)</em><i>John Webster </i></p></td>
    <td>
        <p style="MARGIN: 0px">Director</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <TD STYLE="text-align: left">
        <P STYLE="margin: 0px; text-align: left"><em>(Signed)</em><i>Paul N. Wright</i></p></td>
    <td>
        <p style="MARGIN: 0px">Director</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px" align="center">&nbsp;</p>

<p style="MARGIN: 0px" align="center">The accompanying notes are an integral part of these consolidated financial statements.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" >

<table id="pagebreakfde6933c-3aa4-48f9-9a33-1ead69d8ea11" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">10</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Eldorado Gold Corporation</font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Unaudited Condensed Consolidated Income Statements</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars except per share amounts)</p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Three months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Six months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="center"><strong><em>Note</em></strong></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><i><font size="2">(restated)*</font></i></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><i><font size="2">(restated)*</font></i></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px"><b><font size="2">Continuing operations:</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Revenue</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Metal sales</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">107,063</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">124,561</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">201,755</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">257,734</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Cost of sales</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Production costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">48,927</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">65,793</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">94,134</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">133,947</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Inventory write-down (reversal)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,048</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">298</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,210</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Depreciation and amortization</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17,551</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22,586</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36,519</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">42,589</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">65,430</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">88,379</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">130,951</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">182,746</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Gross profit</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">41,633</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">36,182</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">70,804</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">74,988</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Exploration expenses</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,314</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,812</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,275</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,666</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Mine standby costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,819</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">913</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">15,377</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,412</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">General and administrative expenses</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,688</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,757</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">20,155</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">23,054</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Defined benefit pension plan expense</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">297</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">434</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">580</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">860</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Share based payments</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,699</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,759</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,400</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,174</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <TD VALIGN="TOP" STYLE="text-align: left">
        <P STYLE="margin: 0px"><font size="2">Impairment loss on property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Other write-down of assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Foreign exchange loss (gain)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">287</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,858</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3,153</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">7,212</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Operating profit (loss)</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">18,051</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(234,545</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">25,692</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(228,300</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Loss (gain) on disposal of assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(93</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">196</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><font size="2">Loss on marketable securities and other investments</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">565</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,881</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Other (income) expense</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,372</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,015</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">323</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(4,184</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Asset retirement obligation accretion</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">449</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">482</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">898</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">965</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Interest and financing costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4,082</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4,502</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9,778</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9,434</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><b><font size="2">Profit (loss) from continuing operations before income tax</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">14,420</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(237,514</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,616</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(234,516</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Income tax expense (recovery)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,720</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(29,965</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">10,515</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(5,649</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Profit (loss) from continuing operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">8,700</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(207,549</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(899</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(228,867</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Profit (loss) from discontinued operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>5</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(339,438</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">9,964</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(333,732</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">24,769</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Loss for the period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(330,738</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(197,585</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(334,631</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(204,098</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Attributable to:</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Shareholders of the Company</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(329,864</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(198,600</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(332,342</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(206,844</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Non-controlling interests</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(874</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,015</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,289</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,746</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Loss for the period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(330,738</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(197,585</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(334,631</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(204,098</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Profit (loss) attributable to shareholders of the Company</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Continuing operations</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,331</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(207,472</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">903</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(227,879</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Discontinued operations</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(339,195</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">8,872</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(333,245</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">21,035</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(329,864</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(198,600</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(332,342</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(206,844</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Weighted average number of shares outstanding</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Basic</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,587</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,587</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,587</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,585</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Diluted</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,591</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,587</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,590</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,585</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><b><font size="2">Earnings (loss) per share attributable to shareholders</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">of the Company:</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Basic earnings (loss) per share </font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.46</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.28</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.46</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.29</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Diluted earnings (loss) per share</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.46</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.28</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.46</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.29</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top" colspan="7">
        <P STYLE="margin: 0px"><b><font size="2">Earnings (loss) per share attributable to shareholders of the Company - Continuing operations:</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%" colspan="4">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Basic earnings (loss) per share </font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">0.01</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.29</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">0.00</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.32</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Diluted earnings (loss) per share</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">0.01</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.29</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">0.00</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(0.32</td>
    <td valign="bottom" width="1%">)</td></tr>
</table>

<p style="MARGIN: 0px"><i><font size="2">________</font></i></p>

<p style="MARGIN: 0px"><i><font size="2">* See note 5</font></i></p>

<p style="MARGIN: 0px"><em></em>&nbsp;</p>

<p style="MARGIN: 0px" align="center"><font size="2">The accompanying notes are an integral part of these consolidated financial statements.</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak67bfc16d-f818-4f8f-8b03-077500ddf6fd" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">11</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Eldorado Gold Corporation</font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Unaudited Condensed Consolidated Statements of Comprehensive Income</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars)</p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Three months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Six months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Loss for the period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(330,738</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(197,585</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(334,631</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(204,098</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Other comprehensive income (loss):</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <TD STYLE="margin: 0px"><font size="2"><font size="2">Change in fair value of available-for-sale financial </font>assets (net of income taxes of $3,140 and nil)</font></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">11,405</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,020</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">21,094</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">909</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><font size="2">Realized gains on disposal of available-for-sale financial assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">565</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,901</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Actuarial losses on severance obligation</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(122</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total other comprehensive gain for the period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11,970</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,020</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">25,873</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">909</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total comprehensive loss for the period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(318,768</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(196,565</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(308,758</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(203,189</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Attributable to:</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Shareholders of the Company</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(317,894</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(197,580</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(306,469</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(205,935</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Non-controlling interests</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(874</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,015</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,289</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,746</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(318,768</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(196,565</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(308,758</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(203,189</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" align="center"><font size="2">The accompanying notes are an integral part of these consolidated financial statements.</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak490c7bde-3780-45f0-be79-e20783d062ee" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">12</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Eldorado Gold Corporation&nbsp;</font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Unaudited Condensed Consolidated Statements of Cash Flows&nbsp;</font></p>

<p style="MARGIN: 0px"><font size="2">(Expressed in thousands of U.S. dollars)</font><font size="2"></font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Three months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Six months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><i><font size="2">(restated)*</font></i></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="center">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="center">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="center">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="center">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="center">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><i><font size="2">(restated)*</font></i></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr bgcolor="#ffffff">
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="center"><strong><em>Note</em></strong></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" align="center">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Cash flows generated from (used in):</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Operating activities</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Profit (loss) for the period from continuing operations</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">8,700</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(207,549</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(899</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(228,867</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><i><font size="2">Items not affecting cash:</font></i></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Asset retirement obligation accretion</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">449</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">482</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">898</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">965</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Depreciation and amortization</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">17,551</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">22,586</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">36,519</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">42,589</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Unrealized foreign exchange loss (gain)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,068</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(50</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,422</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">913</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Deferred income tax expense recovery</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(3,328</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(40,082</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(12,562</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(26,836</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Loss (gain) on disposal of assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(93</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">196</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Other write-down of assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><font size="2">Impairment loss on property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><font size="2">Loss on marketable securities and other investments</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">565</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,881</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Share based payments</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,699</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,759</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,400</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,174</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Defined benefit pension plan expense</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">297</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">434</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">580</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">860</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">30,386</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">34,490</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">38,913</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">54,709</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Property reclamation payments</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(814</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(93</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(894</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(93</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Changes in non-cash working capital</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>10</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(39,251</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">37,393</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(59,624</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">72,638</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net cash provided (used) by operating activities of continuing operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(9,679</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">71,790</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(21,605</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">127,254</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net cash provided (used) by operating activities of discontinued operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">12,165</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(17,860</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">26,533</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,683</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Investing activities</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Purchase of property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(61,568</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(76,309</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(120,888</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(143,814</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Proceeds from the sale of property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">373</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">94</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">757</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">106</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px"><font size="2">Proceeds on production from tailings retreatment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,381</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,878</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,102</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Purchase of marketable securities</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(692</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,526</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(5,233</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Proceeds from the sale of marketable securities</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">378</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,665</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Redemption of (investment in) term deposits</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(22</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">45,000</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(935</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(902</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Decrease (increase) in restricted cash</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">7</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(10</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(6</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">591</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net cash used by investing activities of continuing operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(61,524</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(26,844</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(116,055</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(139,150</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net cash used by investing activities of discontinued operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(4,431</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(15,128</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(9,573</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(22,694</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Financing activities</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Issuance of common shares for cash</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">121</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Dividend paid to shareholders</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(5,768</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Purchase of treasury stock</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,394</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Long-term and bank debt proceeds</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">30,000</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">30,000</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net cash provided (used) by financing activities of continuing operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">30,000</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">30,000</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(8,041</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net cash used by financing activities of discontinued operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(11,440</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(11,440</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net increase (decrease) in cash and cash equivalents</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(33,469</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">518</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(90,700</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(52,388</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Cash and cash equivalents - beginning of period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">230,958</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">445,608</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">288,189</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">498,514</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Cash and cash equivalents - end of period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">197,489</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">446,126</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">197,489</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">446,126</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Less cash and cash equivalents held for sale - end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(71,837</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(71,837</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Cash and cash equivalents excluding held for sale- end of period</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">125,652</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">446,126</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">125,652</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">446,126</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px"><i><font size="2">________</font></i></p>

<p style="MARGIN: 0px"><i><font size="2">* See note 5</font></i></p>

<p style="MARGIN: 0px"><em></em>&nbsp;</p>

<p style="MARGIN: 0px" align="center"><font size="2">The accompanying notes are an integral part of these consolidated financial statements.</font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak40f4755c-4f26-4aa1-a0d6-00b949bcc1bb" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">13</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Eldorado Gold Corporation&nbsp;</font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Unaudited Condensed Consolidated Statements of Changes in Equity&nbsp;</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars)<font size="2"></font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Three months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Six months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="center"><b><i><font size="2">Note</font></i></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$ </font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Share capital </font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance beginning of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,319,101</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,319,101</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,319,101</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,318,950</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px 0px 0px 15px"><font size="2">Shares issued upon exercise of share options, for cash</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">121</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px 0px 0px 15px"><font size="2">Transfer of contributed surplus on exercise of options</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">30</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Capital reduction</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>7</em></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,500,000</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,500,000</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,819,101</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,319,101</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,819,101</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,319,101</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Treasury stock</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance beginning of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(8,015</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(12,662</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(10,211</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(12,949</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Purchase of treasury stock</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,394</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <P STYLE="margin: 0px 0px 0px 15px"><font size="2">Shares redeemed upon exercise of restricted share units</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">657</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,196</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,338</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(8,015</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(12,005</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(8,015</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(12,005</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Contributed surplus</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance beginning of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">46,758</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">41,371</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">47,236</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">38,430</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Share based payments</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,369</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,936</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,503</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,241</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Shares redeemed upon exercise of restricted share units</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(657</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,196</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(3,338</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Recognition of other current liability related costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(110</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,416</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(763</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Reversal of other current liability and related costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">52,900</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">52,900</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Transfer to share capital on exercise of options</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(30</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Capital reduction</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px" align="center"><em>7</em></p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,500,000</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,500,000</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,602,027</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">44,540</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,602,027</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">44,540</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Accumulated other comprehensive loss</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance beginning of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(6,669</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(18,238</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(20,572</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(18,127</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Other comprehensive gain for the period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11,970</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,020</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">25,873</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">909</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">5,301</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(17,218</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">5,301</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: black 1px solid; vertical-align: bottom; text-align: right">(17,218</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Deficit</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance beginning of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,586,351</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(67,816</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,583,873</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(53,804</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Dividends paid</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(5,768</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Loss attributable to shareholders of the Company</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(329,864</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(198,600</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(332,342</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(206,844</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,916,215</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(266,416</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,916,215</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(266,416</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total equity attributable to shareholders of the Company</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,502,199</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,068,002</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,502,199</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,068,002</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Non-controlling interests</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance beginning of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">168,340</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">305,510</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">169,755</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">305,414</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Profit attributable to non-controlling interests</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(874</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,015</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,289</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,746</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Dividends declared to non-controlling interests</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,627</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3,262</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Balance end of period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">167,466</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">304,898</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">167,466</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">304,898</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total equity</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">3,669,665</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">5,372,900</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">3,669,665</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">5,372,900</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" align="center">The accompanying notes are an integral part of these consolidated financial statements.</p>

<p style="MARGIN: 0px" align="center">&nbsp;</p><i>Click here for the Consolidated Financial Statements for the quarter ended March 31, 2016.

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" >

<table id="pagebreakf858cd4a-e971-4fb4-99a0-8345ce1bdd74" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">14</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table></p></i>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p><i>

<p style="MARGIN: 0px">&nbsp; </p>

<p style="MARGIN: 0px"><b>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>1. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>General Information</strong></p></td></tr>
</table></b>&nbsp;</p></i>

<p style="MARGIN: 0px 0px 0px 45px">Eldorado Gold Corporation ("Eldorado" or the "Company") is a gold exploration, development, mining and production company. The Company has operations and ongoing exploration and development projects in Turkey, China, Greece, Brazil and Romania. </p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">Eldorado is a public company which is listed on the Toronto Stock Exchange and New York Stock Exchange and is incorporated and domiciled in Canada.</p><i>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>2. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Basis of preparation</strong></p></td></tr>
</table></b>&nbsp;</p>

<p style="MARGIN: 0px"><b>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"></td>
    <td valign="top" width="45"><strong>a) </strong></td>
    <td>
        <p style="MARGIN: 0px"><strong>Statement of compliance</strong></p></td></tr>
</table></b>&nbsp;</p></i>

<p style="MARGIN: 0px 0px 0px 90px">These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting'. They do not include all of the information and footnotes required by the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board for full annual financial statements and should be read in conjunction with the Company's annual financial statements for the year ended December 31, 2015.</p>

<p style="MARGIN: 0px 0px 0px 90px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 90px">The same accounting policies are used in the preparation of these unaudited condensed consolidated interim financial statements as for the most recent audited annual financial statements and reflect all the adjustments necessary for fair presentation in accordance with IFRS for the interim periods presented.</p><i>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"></td>
    <td valign="top" width="45"><strong>b) </strong></td>
    <td>
        <p style="MARGIN: 0px"><strong>Judgement and estimates</strong></p></td></tr>
</table></b>&nbsp;</p></i>

<p style="MARGIN: 0px 0px 0px 90px">The preparation of these unaudited condensed consolidated interim financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.</p>

<p style="MARGIN: 0px 0px 0px 90px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 90px">The significant judgements made by management in applying the Company's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended December 31, 2015 with the exception of the judgements related to assets held for sale, as discussed in note 5.</p><i>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>3. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Adoption of new accounting standards and upcoming changes</strong></p></td></tr>
</table></b>&nbsp;</p></i>

<p style="MARGIN: 0px 0px 0px 45px">The following standards have been published and are mandatory for Eldorado's annual accounting periods no earlier than January 1, 2018:</p><i>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font face="Symbol">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"></td>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td>
        <p style="MARGIN: 0px">IFRS 9 <em>'Financial Instruments' </em>&ndash; This standard was published in July 2014 and replaces the existing guidance in IAS 39, <em>'Financial Instruments: Recognition and Measurement'</em>. IFRS 9 includes revised guidance on the classification and measurement of financial instruments, including a new expected credit loss model for calculating impairment on financial assets, and the new general hedge accounting requirements. It also carries forward the guidance on recognition and derecognition of financial instruments from IAS 39. IFRS 9 is effective for annual reporting periods beginning on or after January 1, 2018, with early adoption permitted. The Company is currently evaluating the extent of the impact of the adoption of this standard.</p></td></tr>
<tr height="15">
    <td valign="top" width="45"></td>
    <td valign="top" width="45"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"></td>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td>
        <p style="MARGIN: 0px">IFRS 15 <em>'Revenue from Contracts with Customers' </em>&ndash; This standard contains a single model that applies to contracts with customers and two approaches to recognising revenue: at a point in time or over time. The model features a contract-based five-step analysis of transactions to determine whether, how much and when revenue is recognized. New estimates and judgmental thresholds have been introduced, which may affect the amount and/or timing of revenue recognized. This standard is effective for annual reporting periods beginning on or after January 1, 2018, with early adoption permitted. The Company does not expect this standard to have a material impact on its financial statements.</p></td></tr>
</table></font><b><font size="4">

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" >

<table id="pagebreake1d153dd-bb00-4b43-be41-14c0384d67fa" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">15</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table></p></font></b><b><font size="4"></font></b>&nbsp;</i>

<p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p><i>

<p style="MARGIN: 0px"><font size="2"></font>&nbsp;</p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>3. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Adoption of new accounting standards and upcoming changes</strong><em>(continued)</em></p></td></tr>
</table>&nbsp;

<p style="MARGIN: 0px"><font face="Symbol">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"></td>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td>
        <p style="MARGIN: 0px">IFRS 16 <em>'Leases' </em>&ndash; This standard was published in January 2016 and replaces the existing guidance in IAS 17,<em> 'Leases'</em>. IFRS 16 introduces a single accounting model for lessees and for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee will be required to recognize a right-of-use asset, representing its right to use the underlying asset, and a lease liability, representing its obligation to make lease payments. The accounting treatment for lessors will remain largely the same as under IAS 17. IFRS 16 is effective for annual reporting periods beginning on or after January 1, 2019, with early adoption permitted. The Company is currently evaluating the extent of the impact of the adoption of this standard.</p></td></tr>
</table></font>&nbsp;</i>

<p style="MARGIN: 0px 0px 0px 45px">There are other new standards, amendments to standards and interpretations that have been published and are not yet effective. The Company believes they will have no material impact to its consolidated financial statements. </p><i>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>4. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Transactions</strong></p></td></tr>
</table></b>&nbsp;</p>

<p style="MARGIN: 0px"><b><i><u style="MARGIN-LEFT: 45px">Eastern Dragon agreement</u></i></b></p>

<p style="MARGIN: 0px">&nbsp;</p></i>

<p style="MARGIN: 0px 0px 0px 45px">In March 2014, the Company, through one of its subsidiaries, entered into a Subscription and a Shareholders agreement ("Agreements") with CDH Fortune II Limited ("CDH").</p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">As a result of these Agreements, CDH acquired 21.05% of the total ordinary shares of Sino Gold Tenya (HK) Limited ("Tenya"), a subsidiary of the Company, and indirectly a 20% interest in the Eastern Dragon Project ("ED"). This transaction has been accounted as an equity transaction with the recognition of a non-controlling interest in the amount of $40,000 representing the consideration received.</p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">Under the terms of the Agreements, CDH had the right to require Eldorado to purchase or procure the purchase by another party of CDH's shares in Tenya at a fixed price ("Put Option") for 90 days following the second anniversary of the Agreements. A liability in the initial amount of $46,970 was recorded against equity at the transaction date, representing the present value of the redemption amount of the Put Option. Future changes in the present value of the redemption amount of the Put Option were also charged against equity. Upon expiration of the Put Option in the second quarter of 2016, the net present value of this liability was reversed against equity as at June 30, 2016 as the Put Option lapsed without being exercised by CDH. </p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">The Agreements include a second put option that can be exercised by CDH within 90 days following the third anniversary of the Agreements. No liability has been recorded for the second put option, as the conditions under this put option are not within the control of CDH.</p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">The Agreements include other rights and obligations of the Company and CDH associated with the advancement of the ED project, the holding structure, and the number of subsidiaries related to our Chinese assets.</p><i>

<p style="MARGIN: 0px">&nbsp;</p></i>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>5. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Discontinued operations</strong></p></td></tr><i><b></b></i>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">On April 26, 2016, the Company announced that it had reached an agreement to sell its 82 percent interest in the Company's Jinfeng mine to a wholly-owned subsidiary of China National Gold Group ("CNG") for $300 million in cash, subject to certain closing adjustments. The transaction is expected to close in the third quarter of 2016 and is subject to obtaining various regulatory approvals and other customary closing conditions.</p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">In addition to the April 26, 2016 announcement, on May 16, 2016 Eldorado announced it had reached an agreement to sell its respective interest in the White Mountain and Tanjianshan mines and the Eastern Dragon development project to an affiliate of Yintai Resources Co. Ltd. ("Yintai") for $600 million in cash, subject to certain closing adjustments. The transaction is expected to close in the fourth quarter of 2016 and is subject to obtaining various regulatory and shareholders approvals and other customary closing conditions.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px" >

<table id="pagebreak2b8ac6ea-2086-4cb8-90bd-91d7b96d1d7a" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">16</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>5. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Discontinued operations</strong><em>(continued)</em></p></td></tr>
</table>&nbsp;

<p style="MARGIN: 0px 0px 0px 45px">The aggregate consideration amount of $900 million is considered the fair value measurement of our Chinese operations ("China Business"). A post-tax loss of $339 million has been recognized on re-measurement to fair value less cost of disposal for the China Business. This loss was allocated first to goodwill and the remainder to property, plant and equipment.</p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">The results from operations for our China Business have, together with restated comparatives, been presented as discontinued operations within the Condensed Consolidated Income Statements and the Condensed Consolidated Statements of Cash Flows.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Three months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">Six months ended</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">June 30,</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <TD STYLE="vertical-align: bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Revenue</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">64,476</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">89,624</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">133,916</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">194,762</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Production costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">44,170</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">49,755</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">91,911</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">100,906</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Depreciation and amortization</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6,305</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">18,280</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">18,996</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">43,686</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Gross profit</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">14,001</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">21,589</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">23,009</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">50,170</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Exploration expenses</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">364</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">374</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">645</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">643</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">General and administrative expenses</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,499</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,440</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">12,603</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,421</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Foreign exchange loss (gain)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">448</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">270</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">720</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,439</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Operating profit (loss)</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,690</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">17,505</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,041</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">41,667</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Interest and financing costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">131</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">331</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">146</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">574</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Asset retirement obligation accretion</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">116</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">113</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">232</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">233</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Other expenses</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">92</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(286</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">68</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">35</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Profit from discontinued operations before income tax</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,351</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">17,347</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">8,595</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">40,825</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Income tax expense (recovery)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,771</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">7,383</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,309</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">16,056</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Loss from discontinued operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(420</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,964</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,286</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">24,769</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Loss on re-measurement to fair value less costs to sell</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">339,018</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">339,018</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net loss from discontinued operations</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(339,438</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">9,964</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">(333,732</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">24,769</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">The Company applies judgment to determine whether an asset or disposal group is available for immediate sale in its present condition and that its sale is highly probable and therefore should be classified as held for sale at the balance sheet date. Conditions that support a highly probable sale include the following: an appropriate level of management is committed to a plan to sell the asset or disposal group, an active program to locate a buyer and complete the plan has been initiated, the asset or disposal group has been actively marketed for sale at a price that is reasonable in relation to its current fair value, and the sale of the asset or disposal group is expected to qualify for recognition as a completed sale within one year from the date of classification as held for sale. </p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px"><font size="2">The CNG and Yintai transactions were a result of a strategic review by the Company's management to maximize the value of the Company's operations in China. Accordingly, the disposal of substantially all of the China Business through the CNG and Yintai transactions represents a single coordinated plan to dispose of a major line of business or geographical area of operations.</font></p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px">The Company concluded that during the second quarter of 2016, the assets and liabilities of the China Business met the criteria for classification as held for sale. Accordingly, the group of assets and liabilities were presented separately under current assets and current liabilities, respectively. These assets have been re-measured to fair value less cost of disposal with the loss recognized in the Consolidated Income Statement for the three and six months ended June 30, 2016. In addition, the assets of the China Business are not depreciated while they are classified as held for sale.</p>

<p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreake8ebb233-6a68-45a1-a8d5-999ae6d3452f" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">17</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>5. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Discontinued operations </strong><em>(continued)</em></p></td></tr>
</table>&nbsp;

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">June 30, 2016</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="hdcell" COLSPAN="2" STYLE="vertical-align: bottom; width: 9%; text-align: center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">ASSETS</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash and cash equivalents</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">71,837</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Accounts receivable and other</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">25,645</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Inventories</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">72,929</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Other assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">18,944</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,030,100</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total assets held for sale</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">1,219,455</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">LIABILITIES</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Accounts payable and accrued liabilities</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">58,727</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Asset retirement obligations</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">23,073</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Deferred income tax liabilities</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">176,631</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Total liabilites from assets held for sale</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">258,431</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Net assets held for sale</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">961,024</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>6. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Debt</strong></p></td></tr>
</table>&nbsp;

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><strong>June 30, 2016</strong></p>
        <p style="MARGIN: 0px" align="right"><strong>$</strong></p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right"><strong>&nbsp;</strong></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right"><strong>&nbsp;</strong></p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><strong>December 31, 2015</strong></p>
        <p style="MARGIN: 0px" align="right"><strong>$</strong></p></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><u>Current:</u></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px">Revolving credit facility (a)</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">30,000</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><u>Non-current:</u></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px">Senior notes (b)</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">590,492</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">589,395</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px">Total debt</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">620,492</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <TD ID="ffcell" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 9%; text-align: right">589,395</td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><b><i><font size="2">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"></td>
    <td valign="top" width="45"><strong><em>(a) </em></strong></td>
    <td>
        <p style="MARGIN: 0px"><strong><em>Revolving credit facility</em></strong></p></td></tr>
</table></font></i></b>&nbsp;

<p style="MARGIN: 0px 0px 0px 45px"><font size="2">In November 2012, the Company entered into a $375.0 million revolving credit facility with a syndicate of banks ("the credit facility"). The credit facility was to mature on November 23, 2016.</font></p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px"><font size="2">In June 2016, the Company amended and restated the existing revolving credit agreement ("the amended and restated credit agreement" or "ARCA") to $250.0 million with the option to increase by an additional $100.0 million through an accordion feature. The maturity date was also extended to June 13, 2020. The ARCA continues to be secured by the shares of SG Resources and Tuprag, wholly owned subsidiaries of the Company.</font></p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px"><font size="2">The ARCA contains covenants that restrict, among other things, the ability of the Company to incur aggregate unsecured indebtedness exceeding $850.0 million, incur secured indebtedness exceeding $200.0 million and permitted unsecured indebtedness exceeding $150.0 million. The ARCA also contains restrictions for making distributions in certain circumstances, selling material assets (other than the permitted disposition of the China Business) and conducting business other than that which relates to the mining industry. Significant financial covenants include a maximum Net Debt to Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") of 3.5:1 and a minimum EBITDA to Interest of 3:1. The Company is in compliance with these covenants at June 30, 2016. </font></p>

<p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak6d5ef7f7-c29c-4ebd-ab5c-e49c38f3e021" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">18</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>

<p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>

<p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p>

<p style="MARGIN: 0px">&nbsp;</p>

<p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>6. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Debt <em></em></strong><em>(continued)</em></p></td></tr>
</table>&nbsp;

<p style="MARGIN: 0px 0px 0px 45px"><font size="2">Loan interest is variable dependent on a Net Leverage ratio pricing grid. The Company's current net leverage ratio is approximately 2.1:1. At this ratio, interest charges and fees are as follows: LIBOR plus margin of 2.625% and undrawn standby fee of 0.725%. Fees of $2,031 were paid on the amendment dated June 2016. This amount has been deferred as pre-payment for liquidity services and will be amortized over the term of the credit facility. </font><font size="2"></font></p>

<p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>

<p style="MARGIN: 0px 0px 0px 45px"><font size="2">As of June 30, 2016, the Company had $30.0 million drawn against the facility, with a maturity day in August 2016. </font></P>

<P STYLE="margin: 0px 0px 0px 45px">&nbsp;</P>

<P STYLE="margin: 0px 0px 0px 45px"></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B><I>(b) Senior notes</I></B></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">On December 10, 2012, the Company completed an
offering of $600.0 million senior notes (&ldquo;the notes&rdquo;) at par value, with a coupon rate of 6.125% due December 15, 2020.
The notes pay interest semi-annually on June 15 and December 15. Net deferred financing costs of $9,508 have been included as an
offset in the balance of the notes in the financial statements and are being amortized over the term of the notes.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">The fair market value of the notes as at June
30, 2016 was $600.8 million.</P>

<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in"><I>(c) Entrusted loan</I></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">In November 2010, Eastern Dragon, HSBC Bank (China)
and QDML entered into an entrusted loan agreement, which currently has an approved limit of RMB 720.0 million ($108,578).</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">Under the terms of the entrusted loan, QDML with
its own funds entrusts HSBC Bank (China) to provide a loan facility in the name of QDML to Eastern Dragon. The loan can be drawn
down in tranches. Each drawdown bears interest fixed at the prevailing lending rate stipulated by the People&rsquo;s Bank of China
on the date of drawdown. Each drawdown has a term of one year and can be rolled forward at the discretion of QDML. The interest
rate on this loan as at June 30, 2016 was 4.59%.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">As at June 30, 2016, RMB 696.6 million ($105,041)
had been drawn under the entrusted loan. The entrusted loan has been recorded on a net settlement basis.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.4pt"><B>7.</B></TD><TD STYLE="padding-right: 56.7pt"><B>Share capital</B></TD></TR></TABLE>

<P STYLE="font: 10pt/13pt Univers 45 Light, Helvetica, Sans-Serif; margin: 6pt 0 6pt 17.85pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Eldorado&rsquo;s
authorized share capital consists of an unlimited number of voting common shares without par value and an unlimited number of non-voting
common shares without par value. At June 30, 2016 there were 716,587,134 (December 31, 2015 &ndash; 716,587,134) voting common
shares and no non-voting common shares (December 31, 2015</FONT> &ndash; <FONT STYLE="font-family: Times New Roman, Times, Serif">none)
outstanding.</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">On May 25, 2016 the shareholders of the Company
approved by special resolution the reduction of the stated capital account of the Company. As at June 30, 2016, the stated capital
of the Company has been reduced by $2,500,000.</P>

<TABLE ID="pagebreak2b8ac6ea-2086-4cb8-90bd-91d7b96d1d7a" CLASS="pagebreak" CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="width: 100%; font: 10pt TIMES NEW ROMAN">
<tr>
    <TD CLASS="hpbhr">&nbsp;</td></tr>
<tr>
    <TD STYLE="border-bottom: black 1px solid; text-align: right">19</td></tr>
<tr></tr>
<tr>
    <TD>

<tr>
    <TD>&nbsp;</td></tr>
</TABLE>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 57pt 6pt 22.4pt"><B></B></P>

<p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</STRONG></FONT></P>

<P STYLE="margin: 0px"><FONT COLOR="#004080" SIZE="4">Notes to the unaudited condensed consolidated financial statements</FONT></P>

<P STYLE="margin: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</P>


<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 57pt 6pt 22.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.4pt"><B>8.</B></TD><TD STYLE="padding-right: 56.7pt"><B>Share-based payments</B></TD></TR></TABLE>

<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-indent: 0in"><FONT STYLE="letter-spacing: -0.1pt"><I>(a)
Share option plans</I></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 17.85pt">Movements in the number of share options outstanding
and their related weighted average exercise prices are as follows:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Univers 55; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: center; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">2016</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 68%; padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">Weighted
    average exercise price Cdn$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: bold 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="color: Black">Number
        of</FONT></P>
        <P STYLE="font: bold 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="color: Black">options</FONT></P></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">At
    January 1,</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">9.97</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">25,519,434</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">Granted</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">3.23</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">9,001,164</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">Exercised</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">Forfeited</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">14.61</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">(3,175,667)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">At
    June 30,</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">7.56</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-right: 5.4pt; text-align: right; text-indent: 0in; line-height: 13pt; color: #0038E5; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">31,344,931</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">At June 30, 2016, 19,698,340 share options (June
30, 2015 &ndash; 18,984,305) with a weighted average exercise price of Cdn$9.67 (June 30, 2015 &ndash; Cdn$11.30) had vested and
were exercisable.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 17.85pt">Share based compensation expense related to
share options for the quarter ended June 30, 2016 was $1,549 (YTD - $3,669).</P>

<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 7pt 0 6pt 17.85pt; text-indent: 0in"><FONT STYLE="letter-spacing: -0.1pt"><I>(b)
Restricted share unit plan</I></FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 17.85pt">A total of 784,203 restricted share units (&ldquo;RSUs&rdquo;)
at a grant-date fair value of Cdn$3.22 per unit were granted during the six-month period ended June 30, 2016 under the Company&rsquo;s
RSU plan.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 0.25in">The fair value of each RSU issued is determined
as the closing share price at grant date. The current maximum number of common shares authorized for issue under the RSU plan is
5,000,000.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 17.85pt">A summary of the status of the restricted share
unit plan and changes during the quarter ended June 30, 2016 is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Univers 55; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 71%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Total RSUs</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Balance at December 31, 2015</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">884,846</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">RSUs Granted</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">784,203</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Redeemed</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(298,483)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Forfeited</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(93,536)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Balance at June 30, 2016</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 120%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">1,277,030</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 6pt 17.85pt">As at June 30, 2016, 1,277,030 common shares
purchased by the Company remain held in trust in connection with this plan. At the end of the period, 320,591 restricted share
units are fully vested and exercisable. These shares purchased and held in trust have been included in treasury stock in the balance
sheet.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 17.85pt">Restricted share units expense for the quarter
ended June 30, 2016 was $408 (YTD - $1,072).</P>

<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 9pt 0 6pt 17.85pt; text-indent: 0in"><FONT STYLE="letter-spacing: -0.1pt"><I>(c)
Deferred share units plan </I></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 0 17.85pt">At June 30, 2016, 493,922 deferred share units
(&ldquo;DSUs&rdquo;) were outstanding with a value of $2,222, which is included in accounts payable and accrued liabilities.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 17.85pt">Compensation expense related to the DSUs was
$330 for the quarter ended June 30, 2016 (YTD - $897).</P>

<TABLE ID="pagebreak2b8ac6ea-2086-4cb8-90bd-91d7b96d1d7a" CLASS="pagebreak" CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="width: 100%; font: 10pt TIMES NEW ROMAN"><tr><TD CLASS="hpbhr">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1px solid; text-align: right">20</TD></TR>
<TR></TR>
<TR>
    <TD>

<TR>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 57pt 6pt 22.4pt"><B></B></P>

<P STYLE="margin: 0px"><FONT COLOR="#004080" SIZE="4"><STRONG>Eldorado Gold Corporation</STRONG></FONT></P>

<P STYLE="margin: 0px"><FONT COLOR="#004080" SIZE="4">Notes to the unaudited condensed consolidated financial statements</FONT></P>

<P STYLE="margin: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</P>


<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 17.85pt">&nbsp;</P>

<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-indent: 0in">8.&#9;Share-based payments <FONT STYLE="font-weight: normal"><I>(continued)</I></FONT>&#9;</P>

<P STYLE="font: bold 10pt/13pt Times New Roman, Times, Serif; margin: 6pt 0; text-indent: 0.25in"><FONT STYLE="letter-spacing: -0.1pt"><I>(d)
Performance share units plan</I></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 5pt 0 5pt 17.85pt">A total of 796,652 performance share units
(&ldquo;PSUs&rdquo;) were granted during the six-month period ended June 30, 2016 under the Company&rsquo;s PSU plan. The PSUs
vest on the third anniversary of the grant date, subject to achievement of pre-determined performance criteria. When fully vested,
the number of PSUs redeemed will range from 0% to 200% of the target award, subject to the performance of the share price over
the 3 year period. The current maximum number of common shares authorized for issuance from treasury under the PSU plan is 3,130,000.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 3pt 17.85pt">Compensation expense related to PSUs for the
quarter ended June 30, 2016 was $412 (YTD - $762).</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 0 17.85pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.4pt"><B>9.</B></TD><TD STYLE="padding-right: 56.7pt"><B>Fair value of financial instruments</B></TD></TR></TABLE>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 4pt 17.85pt">Fair values are determined directly by reference
to published price quotations in an active market, when available, or by using a valuation technique that uses inputs observed
from relevant markets.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0 0 3pt 17.85pt">The three levels of the fair value hierarchy
are described below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.95pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Level 1 &ndash; Unadjusted quoted prices in active markets that are accessible at the measurement
date for identical, unrestricted assets or liabilities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.95pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Level 2 &ndash; Inputs that are observable, either directly or indirectly, but do not qualify
as Level 1 inputs (i.e. quoted prices for similar assets or liabilities).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Level 3 &ndash; Prices or valuation techniques that require inputs that are both significant
to the fair value measurement and unobservable (i.e., supported by little or no market activity).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 4pt 17.85pt">The only assets measured at fair value as at
June 30, 2016 are marketable securities and assets held for sale (see note 5). No liabilities are measured at fair value on a recurring
basis as at June 30, 2016 except for the liabilities related to the assets held for sale.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 4pt 17.85pt">The fair value of financial instruments traded
in active markets is based on quoted market prices at the balance sheet date. A market is regarded as active if quoted prices are
readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those
prices represent actual and regularly occurring market transactions on an arm&rsquo;s length basis. The quoted market price used
for financial assets held by the group is the current bid price. These instruments are included in Level 1. Instruments included
in Level 1 comprise primarily publicly-traded equity investments classified as available-for-sale securities.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0 0 3pt 17.85pt">With the exception of the fair market value of
the Company&rsquo;s senior notes (note 6b), which are included in level 2, all carrying amounts of financial instruments approximate
their fair value.</P>

<P STYLE="font: 12pt/13pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.4pt"><B>10.</B></TD><TD STYLE="padding-right: 56.7pt"><B>Supplementary cash flow information</B></TD></TR></TABLE>



<P STYLE="margin: 0px 0px 0px 45px"></p>&nbsp;
<table>

        <p style="MARGIN: 0px"><font size="3">&nbsp;</font></p>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><FONT STYLE="font-size: 10pt"><B>Three months ended</B></FONT></p>
        <p style="MARGIN: 0px" align="center"><FONT STYLE="font-size: 10pt"><B>June 30,</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center"><p style="MARGIN: 0px" align="center"><FONT STYLE="font-size: 10pt"><B>Six months ended</B></FONT></p>
        <p style="MARGIN: 0px" align="center"><FONT STYLE="font-size: 10pt"><B>June 30,</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
<tr>
    <td valign="bottom"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>2016</B></FONT></p>
        <p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></p>
        <p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>2016</B></FONT></p>
        <p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></p></td>
    <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center"><p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></p>
        <p style="MARGIN: 0px" align="right"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></p></td>
    <td valign="bottom"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">Changes in non-cash working capital</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px 0px 0px 15px"><FONT STYLE="font-size: 10pt">Accounts receivable and other</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(8,385</FONT></td>
    <td valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(14,269</FONT></td>
    <td valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(9,777</FONT></td>
    <td valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">3,134</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px 0px 0px 15px"><FONT STYLE="font-size: 10pt">Inventories</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(9,743</FONT></td>
    <td valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">277</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(17,963</FONT></td>
    <td valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">11,288</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px 0px 0px 15px"><FONT STYLE="font-size: 10pt">Accounts payable and accrued liabilities</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(21,123</FONT></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">51,385</FONT></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(31,884</FONT></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">58,216</FONT></td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px 0px 0px 15px"><FONT STYLE="font-size: 10pt">Total</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(39,251</FONT></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">37,393</FONT></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">(59,624</FONT></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%"><FONT STYLE="font-size: 10pt">)</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">72,638</FONT></td>
    <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">Supplementary cash flow information</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px 0px 0px 15px"><FONT STYLE="font-size: 10pt">Income taxes paid</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">16,217</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">23,235</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">30,458</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">45,799</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
<tr>
    <td valign="top"><p style="MARGIN: 0px 0px 0px 15px"><FONT STYLE="font-size: 10pt">Interest paid</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">16,844</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">17,047</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">16,844</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right"><FONT STYLE="font-size: 10pt">17,275</FONT></td>
    <td valign="bottom" width="1%"><p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p></td></tr>
</table>
        <p style="MARGIN: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></p>

<table id="pagebreakece06dd1-0887-477b-ba2f-b72a0a3e4dfa" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">21</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font color="#004080" size="3"><strong>Eldorado Gold Corporation</strong></font></p>
        <p style="MARGIN: 0px"><font color="#004080" size="3">Notes to the unaudited condensed consolidated financial statements</font></p>
        <p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>11. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Segmented information</strong></p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px"><strong>Identification of reportable segments</strong></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px">The Company has identified its operating segments based on the internal reports that are reviewed and used by the chief executive officer and the executive management (the chief operating decision makers or CODM) in assessing performance and in determining the allocation of resources.</p>
        <p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px">The CODM considers the business from both a geographic and product perspective and assesses the performance of the operating segments based on measures of profit and loss as well as assets and liabilities. These measures include gross profit (loss), expenditures on exploration, property, plant and equipment and non-current assets, as well as total debt. As at June 30, 2016, Eldorado had five reportable segments based on the geographical location of mining and exploration and development activities. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px"><strong>11.1 Geographical segments </strong></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px">Geographically, the operating segments are identified by country and by operating mine or mine under construction. The Turkey reporting segment includes the Ki&#351;lada&#287; and the Efem&ccedil;ukuru mines and exploration activities in Turkey. The Brazil reporting segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil. The Greece reporting segment includes the Stratoni mine, the Olympias, Skouries, Perama Hill and Sapes projects and exploration activities in Greece. The Romania reporting segment includes the Certej project and exploration activities in Romania. Other reporting segment includes operations of Eldorado's corporate office and exploration activities in other countries. </p>
        <p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px">Financial information about each of these operating segments is reported to the CODM on at least a monthly basis. The mines in each of the different segments share similar economic characteristics and have been aggregated accordingly. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">For the three months ended June 30, 2016</font></b></p>
        <p style="MARGIN: 0px"><strong></strong>&nbsp;</p>

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Turkey</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Brazil</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Greece</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Romania</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Other</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Total</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Information about profit and loss</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Metal sales from external customers</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">99,321</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">7,742</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">107,063</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Production costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">40,231</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">8,696</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">48,927</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Inventory write-down (reversal)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,048</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,048</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Depreciation</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17,797</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(461</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">146</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">69</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17,551</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Gross profit (loss)</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">41,293</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">461</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(52</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(69</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">41,633</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Other material items of income and expense</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Other write-down of assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Exploration expenses</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">398</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">572</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">184</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">133</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,027</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,314</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Income tax expense (recovery)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">12,123</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,161</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(1,037</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(64</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(3,141</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,720</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Additions to property, plant and</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">equipment during the period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">14,456</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,165</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">41,960</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,039</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">61,626</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak13394838-3259-4b65-b9b8-68afd740a86f" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">22</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>
        <p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>
        <p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>11. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Segment information</strong><em> (continued)</em></p></td></tr>
</table>
        <p style="MARGIN: 0px"><b><font size="2"></font></b>&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">For the three months ended June 30, 2015</font></b></p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom"></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Turkey</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Brazil</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Greece</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Romania</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Other</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Total</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Information about profit and loss</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Metal sales from external customers</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">115,820</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(691</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,432</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">124,561</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Production costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">56,594</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">115</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,084</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">65,793</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Depreciation</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">19,600</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">504</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,362</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">120</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22,586</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Gross profit (loss)</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">39,626</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1,310</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,014</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(120</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36,182</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Other material items of income and expense</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Impairment loss on property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Exploration costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">428</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">387</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">571</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">679</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">747</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,812</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Income tax expense (recovery)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">14,296</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(480</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(2,557</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(41,225</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(29,965</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Additions to property, plant and</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">equipment during the period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">15,918</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">354</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">55,808</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,008</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">70</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">76,158</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px"><b><font size="2"></font></b>&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">For the six months ended June 30, 2016</font></b></p>
        <p style="MARGIN: 0px"><strong></strong>&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Turkey</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Brazil</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Greece</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Romania</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Other</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Total</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Information about profit and loss</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Metal sales from external customers</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">190,541</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">11,214</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">201,755</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Production costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">81,206</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">12,928</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">94,134</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Inventory write-down</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">298</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">298</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Depreciation</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36,041</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">340</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">138</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36,519</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Gross profit (loss)</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">73,294</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,352</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(138</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">70,804</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Other material items of income and expense</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Write down on assets</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">478</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Exploration costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">757</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">904</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">832</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">341</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,441</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,275</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Income tax expense (recovery)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">16,990</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(3,825</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,061</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(633</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(3,078</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">10,515</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Additions to property, plant and</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">equipment during the period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">28,577</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,039</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">85,016</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,436</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">14</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">122,082</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Information about assets and liabilities</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Property, plant and equipment (*)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">887,922</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">180,911</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">2,023,405</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">404,582</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,614</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,498,434</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Debt</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">620,492</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">620,492</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak1013fd30-83c2-4da1-838b-8a9773377145" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">23</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font color="#004080" size="4"><strong>Eldorado Gold Corporation</strong></font></p>
        <p style="MARGIN: 0px"><font color="#004080" size="4">Notes to the unaudited condensed consolidated financial statements</font></p>
        <p style="MARGIN: 0px">(Expressed in thousands of U.S. dollars, unless otherwise stated)</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><strong>11. </strong></td>
    <td valign="top">
        <p style="MARGIN: 0px"><strong>Segment information</strong><em> (continued)</em></p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">For the six months ended June 30, 2015</font></b></p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Turkey</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Brazil</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Greece</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Romania</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Other</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Total</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Information about profit and loss</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Metal sales from external customers</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">235,507</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(355</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">22,582</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">257,734</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Production costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">111,450</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,587</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">20,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">133,947</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Inventory write-down</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,210</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">6,210</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Depreciation</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36,082</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,010</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,229</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">268</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">42,589</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Gross profit (loss)</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">87,975</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(9,162</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3,557</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(268</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">74,988</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Other material items of income and expense</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Impairment loss on property, plant and equipment</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">254,910</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Exploration costs</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">872</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">773</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,400</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,155</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">1,466</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">5,666</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Income tax expense (recovery)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">27,087</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">3,098</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">4,892</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(40,753</td>
    <td valign="bottom" width="1%">)</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">27</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">(5,649</td>
    <td valign="bottom" width="1%">)</td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Additions to property, plant and</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">equipment during the period</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">29,886</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">726</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">104,846</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">9,103</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">151</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">144,712</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px"><b><font size="2"></font></b>&nbsp;</p>
        <p style="MARGIN: 0px"><strong>As at December 31, 2015</strong></p>
        <p style="MARGIN: 0px"><strong></strong>&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Turkey</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">China</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Brazil</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Greece</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Romania</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Other</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">Total</font></b></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">$</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><b><font size="2">Information about assets and liabilities</font></b></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Property, plant and equipment (*)</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">898,027</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">1,327,725</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">179,702</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">1,942,419</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">398,147</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">1,739</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">4,747,759</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Goodwill</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">50,276</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">50,276</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">898,027</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">1,378,001</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">179,702</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">1,942,419</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">398,147</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">1,739</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">4,798,035</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top">
        <p style="MARGIN: 0px"><font size="2">Debt</font></p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">-</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">589,395</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="7%" align="right">589,395</td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>* Net of revenues from sale of production from tailings retreatment</i></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px">The Turkey segment derive their revenues from sales of gold. The Brazil segment derives its revenue from sales of iron ore. The Greece segment derives its revenue from sales of zinc, lead and silver concentrates.</p>
        <p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px"><b>11.2 Seasonality/cyclicality of operations</b></p>
        <p style="MARGIN: 0px 0px 0px 45px">&nbsp;</p>
        <p style="MARGIN: 0px 0px 0px 45px">Management does not consider operations to be of a significant seasonal or cyclical nature.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak2e104e37-6f6c-4515-9099-007a1989c437" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">24</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg" width="134" height="47"   ></p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">MANAGEMENT'S DISCUSSION and ANALYSIS<br>OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&amp;A)</font></b></p>
        <p style="MARGIN: 0px"><b><font size="2">for the three and six-month periods ended June 30, 2016</font></b></p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify"><font size="2">Throughout this MD&amp;A, <i>Eldorado</i>, <i>we, us, our</i> and <i>the Company</i> mean Eldorado Gold Corporation. </font></p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify"><i><font size="2">This quarter</font></i><font size="2"> means the second quarter of 2016. All dollar amounts are in United States dollars unless stated otherwise.</font><font size="2"></font></p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify"><font size="2">The information in this MD&amp;A is as of July 28, 2016 unless otherwise stated. You should also read our audited consolidated financial statements for the year ended December 31, 2015 prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and the unaudited condensed consolidated financial statements for the three and six-month periods ended June 30, 2016 prepared in accordance with International Accounting Standard (IAS) 34 &ndash; "Interim Financial Reporting". We file our financial statements and MD&amp;A with appropriate regulatory authorities in Canada and the United States. You can find more information about Eldorado, including our Annual Information Form, on SEDAR at www.sedar.com.</font></p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="3">About Eldorado</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Based in Vancouver, Canada, Eldorado owns and operates gold mines around the world. Its activities involve all facets of the gold mining industry including exploration and evaluation, development, production and reclamation. </font></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Operating gold mines:</font>&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2"><font face="Symbol">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Kisladag, in Turkey (100%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Efemcukuru, in Turkey (100%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Tanjianshan, in China (90%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Jinfeng, in China (82%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">White Mountain, in China (95%)</p></td></tr>
</table></font></font>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Gold projects:&nbsp;</font>&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2"><font face="Symbol">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Skouries, in Greece (95%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Olympias, in Greece (95%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Perama Hill, in Greece (100%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Sappes, in Greece (100%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Certej, in Romania (81%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Eastern Dragon, in China (75%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Tocantinzinho, in Brazil (100%)</p></td></tr>
</table></font></font>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Other mines:</font>&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2"><font face="Symbol">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Vila Nova &ndash; iron ore, in Brazil (100%)</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Stratoni &ndash; silver, lead, zinc, in Greece (95%)</p></td></tr>
</table></font></font>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Eldorado's common shares are listed on the following exchanges:</font>&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2"><font face="Symbol">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">Toronto Stock Exchange (TSX) under the symbol ELD</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">New York Stock Exchange (NYSE) under the symbol EGO</p></td></tr>
</table></font></font>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">ELD is part of the S&amp;P/TSX Global Gold Index. EGO is part of the AMEX Gold Bugs Index, the NYSE ARCA Gold Bugs Index, and the PHLX Gold/Silver Index.
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" >

<table id="pagebreak950ce271-0cdf-4b95-a83e-cf21c299fdf6" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">25</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p>&nbsp;</font>
        <p style="MARGIN: 0px"><b><font size="3">Second quarter summary results</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">Selected consolidated financial information and corporate developments</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2"><font face="Symbol">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">During the quarter the Company announced agreements to sell its Chinese assets to two parties for
        a total of $900 million in cash, subject to regulatory and other approvals and closing adjustments. The Company recorded
        a post-tax impairment loss on its China segment during the quarter of $339.0 million, representing the difference between
        the expected net proceeds on the sale of the Chinese assets and their net book value. <SUP>(1)</SUP></p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Loss attributable to shareholders of the Company was $329.9 million ($0.46 per share) in the second quarter of 2016, compared to a loss attributable to shareholders of the Company of $198.6 million ($0.28 per share) in the second quarter of 2015.</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Gold revenues were $162.7 million (2015 &ndash; $204.2 million) on sales of 128,090 ounces of gold at an average realized gold price of $1,270 per ounce (2015 &ndash; 170,056 ounces at $1,201 per ounce) in the second quarter of 2016.</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">During the second quarter the Company announced that it had renewed its $375.0 million revolving credit facility. The amended and restated credit agreement includes available credit of US$250 million, an accordion feature of US$100 million, and an extension of the term to June 13, 2020 from November 23, 2016.</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">At quarter end the Company reported liquidity of $422.8 million, including $202.8 million in cash, cash equivalents and term deposits, and $220.0 million in undrawn lines of credit. Cash of $71.8 million reported under "Assets held for sale" in the balance sheet is included in the $202.8 million above, and is expected to be included in the proceeds from the sale of the Chinese assets.</p></td></tr>
</table></font></font>&nbsp;
        <p style="MARGIN: 0px"><b><font size="2">Selected performance measures<sup> (2)</sup></font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2"><font face="Symbol">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Gold production of 124,110 ounces (2015 &ndash; 181,160 ounces including production from Olympias tailings retreatment).</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Cash operating costs averaged $607 per ounce (2015 &ndash; $569 per ounce).</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">All in sustaining cash costs averaged $933 per ounce (2015 &ndash; $854 per ounce).</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Gross profit from gold mining operations of $55.5 million (2015 &ndash; $61.4 million).</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Adjusted net earnings of $11.7 million ($0.01 per share) compared to adjusted net earnings of $17.0 million ($0.02 per share) in 2015.</p></td></tr>
<tr height="15">
    <td valign="top"></td>
    <td valign="top"></td></tr>
<tr>
    <td valign="top" width="45"><font style="FONT-FAMILY: Symbol">&middot;</font></td>
    <td valign="top">
        <p style="MARGIN: 0px">Cash generated from operating activities of continuing operations before changes in non-cash working capital was $30.4 million (2015 &ndash; $34.5 million).</p></td></tr>
</table></font></font>&nbsp;
        <p style="MARGIN: 0px"><i><font size="2">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45"><font size="1"></font></td>
    <td valign="top" width="45"><em><font size="1">(1) </font></em></td>
    <td>
        <p style="MARGIN: 0px"><em><font size="1">In accordance with the requirements of IFRS 5 &ndash; Non-current assets held for sale and discontinued operations, the Company's China segment has been classified as a discontinued operation for the six-month period ended June 30, 2016, and accordingly the 2015 comparative information has been restated. Except where indicated the financial and performance information presented in this MD&amp;A includes discontinued operations.</font></em></p></td></tr>
<tr>
    <td valign="top" width="45"><em><font size="1"></font></em></td>
    <td valign="top" width="45"><em><font size="1">(2) </font></em></td>
    <td>
        <p style="MARGIN: 0px"><em><font size="1">Throughout this MD&amp;A we use cash operating cost per ounce, total cash costs per ounce, all-in sustaining cost per ounce, gross profit from gold mining operations, adjusted net earnings, and cash flow from operating activities before changes in non-cash working capital as additional measures of Company performance. These are non-IFRS measures. Please see page 11 for an explanation and discussion of these non-IFRS measures.</font></em></p></td></tr>
</table></font></i>&nbsp;
        <p style="MARGIN: 0px" >

<table id="pagebreakb856a9a2-353f-4cef-adbd-83966e88924d" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">26</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="3">Summarized Financial Results<sup></sup></font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">Continuing operations<sup></sup></font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <TD STYLE="border-left: Black 1px solid; background-color: #dee6cc; vertical-align: bottom">
        <p style="MARGIN: 0px"><b><font size="2">Summarized financial results from continuing operations&ndash; millions, except</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">3 months ended June 30,</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">6 months ended June 30,</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px"><b><font size="2">where noted</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Revenues</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">107.1</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">124.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">201.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">257.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold revenues</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">98.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">114.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">188.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">233.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold sold (ounces)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">77,623</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96,209</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">152,606</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">193,834</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Average realized gold price (per ounce)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,267</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,201</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,237</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,214</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash operating costs (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">490</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">561</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">504</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">549</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">505</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">577</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">521</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">565</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">All-in sustaining cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">808</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">797</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">833</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">799</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gross profit from gold mining operations<sup></sup></font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">41.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">39.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">73.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">88.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">Including discontinued operations<sup></sup></font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <TD STYLE="border-left: Black 1px solid; background-color: #dee6cc; vertical-align: bottom">
        <p style="MARGIN: 0px"><b><font size="2">Summarized financial results including discontinued operations&ndash; millions, except</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">3 months ended June 30,</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b><font size="2">6 months ended June 30,</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px"><b><font size="2">where noted</font></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2016</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b><font size="2">2015</font></b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold revenues</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">162.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">204.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">322.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">428.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gold sold (ounces)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">128,090</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">170,056</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">261,557</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">351,876</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Average realized gold price (per ounce)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,270</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,201</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,233</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,217</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Cash operating costs (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">607</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">569</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">605</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">545</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Total cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">650</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">618</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">654</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">597</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">All-in sustaining cash cost (per ounce sold)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">933</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">854</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">908</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">811</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Gross profit from gold mining operations<sup></sup></font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">55.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">61.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">138.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Adjusted net earnings</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">36.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Net profit (loss) attributable to shareholders of the Company</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(329.9)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(198.6)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(332.3)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(206.8)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Earnings (loss) per share attributable to shareholders of the Company &ndash; Basic (per share)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.46)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.28)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.46)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.29)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px 0px 0px 15px"><font size="2">Earnings (loss) per share attributable to shareholders of the Company &ndash; Diluted (per share)</font></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.46)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.28)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.46)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.29)</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">Review of the quarterly financial results</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Loss attributable to shareholders of the Company was $</font><font size="2">329.9</font><font size="2"> million (or $0.46 per share) for the quarter compared with a loss of $</font><font size="2">198.6</font><font size="2"> million (or $0.28 per share) in the </font><font size="2">second </font><font size="2">quarter of 2015. During the quarter the Company recorded a post-tax impairment loss of $339.0 million in discontinued operations related to the Company's Chinese assets. The loss reported during the second quarter of 2015 was mainly due to an impairment loss in the amount of $214.1 million recorded against Certej. Adjusted net earnings for the quarter were $11.7 million (or $0.01 per share) compared with $17.0 million (or $0.02 per share) in the second quarter of 2015. </font></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreaka41fdedd-5870-412c-b3e8-8e41cf900efb" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">27</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Gross profit from continuing gold mining operations increased slightly year over year as the impact of lower sales volumes was offset by higher gold prices and lower unit operating costs. Gold sales volumes from continuing operations fell year over year due to an anticipated decrease in gold production from Kisladag in comparison with 2015. Kisladag's production was impacted by longer leach cycles as a result of solution being applied to higher lifts. Additionally, production during 2015 benefitted from significant leach pad inventory draw down due to an increase in the solution pumping and treatment capacity installed at the end of 2014. </font><font size="2">Cash operating costs per ounce from continuing operations decreased year over year due to lower cash operating costs at Kisladag. Mining costs at Kisladag fell 44% as a result of a 64% drop in waste stripping tonnes year over year.</font></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Loss from discontinued operations was $339.4 million compared with a profit of $10.0 million in the second quarter of 2015. In addition to the $339.0 million impairment loss mentioned above, the loss from discontinued operations included gross profit from gold mining operations of $14.0 million (2015 - $21.6 million), general and administrative expenses of $10.5 million (2015 - $3.4 million), and income tax expense of $2.8 million (2015 &ndash; $7.4 million).</font></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">Agreements to sell Chinese assets</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">On April 26, 2016, the Company announced that it had reached an agreement to sell its 82 percent interest in the Company's Jinfeng mine to a wholly-owned subsidiary of China National Gold Group for US$300 million in cash, subject to certain closing adjustments. On May 16, 2016, the Company announced that it had reached a second agreement to sell its respective interests in the White Mountain and Tanjianshan mines, and the Eastern Dragon development project to an affiliate of Yintai Resources Co. Ltd. for US$600 million in cash, subject to certain closing adjustments. With the completion of these two transactions, the Company will have effectively disposed of its Chinese business segment. The transactions are expected to close in the second half of 2016 and are subject to obtaining various regulatory and other approvals.</font><font size="2"></font></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="2">Outlook</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font size="2">Quarterly production was in-line with internal plans. Gold production for 2016, including discontinued operations is forecast to be 570,000 ounces of gold with average cash costs for commercial production of $595 per ounce and all-in sustaining cash costs of $930 per ounce. Previous guidance was production of 565,000 - 630,000 ounces at average cash costs of $585 to $620 per ounce and all-in sustaining cash costs of $960 to $995 per ounce. Capital spending is forecast to be $95.0 million in sustaining capital and $250.0 million in new project development capital compared with previous guidance of $105.0 million and $235.0 million respectively. The forecast for new project development capital is higher than original guidance mainly due to projected higher capital spending at Skouries following the approval of the updated technical study during the quarter and the restart of construction activities at site.</font></p>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">In Turkey, the Company's two operating mines continue with no disruptions and all employees are accounted for and safe. The Company is confident the country will continue to provide conditions suitable for ongoing operations and further investment.
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" >

<table id="pagebreakff063c74-0b50-48e8-ac31-65f1bae228f2" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">28</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p>&nbsp;&nbsp;&nbsp;</font>
        <p style="MARGIN: 0px"><b><font size="3">Operations update</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="right"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="right"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px"><b>CONTINUING OPERATIONS:</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>Kisladag</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">29.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">28.1</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">51.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">71.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">49,924</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">67,778</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">102,300</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">147,034</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">479</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">596</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">508</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">556</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">497</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">611</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">525</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">572</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>Efemcukuru</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">12.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">16.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced </p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">23,406</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">27,705</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">50,922</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">48,925</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">509</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">477</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">495</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">527</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">521</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">494</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">512</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">544</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>Olympias</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced from tailings retreatment<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3,686</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,774</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">8,429</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>SUBTOTAL: CONTINUING OPERATIONS</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">41.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">39.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">73.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">88.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced </p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">73,330</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">95,483</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">153,222</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">195,959</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">490</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">561</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">504</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">549</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">505</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">577</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">521</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">565</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>DISCONTINUED OPERATIONS:</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="4" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%" colspan="9">
        <p style="MARGIN: 0px">&nbsp; &nbsp; &nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>Tanjianshan</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.1</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">18.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">13,900</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">25,074</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">27,953</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">51,700</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">830</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">449</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">841</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">423</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">963</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">626</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,023</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">594</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>Jinfeng</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.9</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">13.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.1</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">24.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22,353</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">38,234</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">48,288</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">74,920</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">736</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">551</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">731</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">535</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">821</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">632</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">813</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">621</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>White Mountain</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.9</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">7.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">7.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">14,527</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">18,683</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">32,862</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">39,566</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold)<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">824</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">757</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">689</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">674</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">867</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">796</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">729</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">713</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>TOTALS INCLUDING DISCONTINUED OPERATIONS</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%" colspan="5">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations (millions) <sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">55.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">61.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">138.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ounces produced &ndash; including Olympias production from tailings retreatment ) </p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">124,110</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">181,160</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">265,099</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">370,574</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash operating costs ($ per ounce sold) ) <sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">607</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">569</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">605</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">545</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Total cash cost ($ per ounce sold) ) </p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">650</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">618</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">654</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">597</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreakd2f312f5-52d9-4dac-b61f-d8d4f705ce58" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">29</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table><font size="2">&nbsp;
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p>&nbsp;&nbsp;&nbsp;</font>&nbsp;
        <p style="MARGIN: 0px"><b>Kisladag</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px"><b>Operating Data</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="51%" colspan="2">
        <p style="MARGIN: 0px">Tonnes placed on pad</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4,256,279</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4,873,089</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">8,303,175</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9,099,202</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average treated head grade - grams per tonne (g/t)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.81</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.66</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.77</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.68</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold (ounces)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px" align="left">- Produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">49,924</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">67,778</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">102,300</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">147,034</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Sold</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">49,942</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">67,981</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">102,621</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">146,983</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Cash operating costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">479</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">596</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">508</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">556</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Total cash costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">497</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">611</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">525</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">572</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="top" colspan="2">
        <p style="MARGIN: 0px"><b>Financial Data (millions)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold revenues</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">63.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">81.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">125.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">177.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Depreciation and depletion</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">9.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">11.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">20.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">21.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">29.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">28.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">51.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">71.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Sustaining capital expenditures</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">13.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">7.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Kisladag's production during the quarter was impacted by longer leach cycles as a result of solution being applied to higher lifts. Additionally, production during 2015 benefitted from significant leach pad inventory draw down as a result of an increase in the solution pumping rate from equipment installed at the end of 2014. Production is expected to increase throughout the remainder of the year as leach cycles benefit from lower lifts placed on new leach pad cells. Cash operating costs per ounce decreased year over year due to lower mining costs and higher recovery rates. Mining costs at Kisladag fell 44% as a result of a 64% drop in waste stripping tonnes year over year. Capital expenditures for the quarter included costs for capitalized waste stripping and sustaining construction activities. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Efemcukuru</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px"><b>Operating Data</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="51%" colspan="2">
        <p style="MARGIN: 0px">Tonnes Milled</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">120,044</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">113,851</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">236,531</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">219,270</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average treated head grade - grams per tonne (g/t)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.95</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.53</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">7.45</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">7.95</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average Recovery Rate</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">92.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="left">%</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">91.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">94.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">91.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold (ounces)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">23,406</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">27,705</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">50,922</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">48,925</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Sold</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">27,681</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">28,228</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">49,985</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">46,851</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Cash operating costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">509</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">477</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">495</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">527</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Total cash costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">521</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">494</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">512</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">544</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="top" colspan="2">
        <p style="MARGIN: 0px"><b>Financial Data (millions)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold revenues</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">35.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">33.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">63.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">56.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Depreciation and depletion</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">15.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">14.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">12.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">11.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">22.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">16.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Sustaining capital expenditures</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">7.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">5.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">12.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">10.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Efemcukuru's production during the quarter was lower year over year due to an 18% decrease in average treated head grade. Cash operating costs were higher year over year due to lower head grade. Capital spending during the quarter included underground development and mine mobile equipment. </p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak133536f7-eb3c-405b-bcd4-078c492b397d" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">30</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table><font size="2">&nbsp;
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p>&nbsp;&nbsp;&nbsp;</font>&nbsp;&nbsp;
        <p style="MARGIN: 0px"><b>Tanjianshan</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px"><b>Operating Data </b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="51%" colspan="2">
        <p style="MARGIN: 0px">Tonnes Milled</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">272,673</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">274,194</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">541,288</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">531,491</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average treated head grade - grams per tonne (g/t)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2.01</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.29</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1.92</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.42</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average Recovery Rate</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">79.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">82.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">78.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">81.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold (ounces)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">13,900</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">25,074</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">27,953</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">51,700</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Sold</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">13,900</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">16,875</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">27,953</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">43,501</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Cash operating costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">830</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">449</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">841</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">423</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Total cash costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">963</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">626</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1,023</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">594</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="top" colspan="2">
        <p style="MARGIN: 0px"><b>Financial Data (millions)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold revenues</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">17.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">20.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">34.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">53.9</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Depreciation and depletion</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">9.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">18.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Sustaining capital expenditures</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Tanjianshan's production during the quarter was 45% lower year over year due to a decrease in head grade and lower recovery rate. Cash operating costs per ounce for the quarter were 85% higher year over year due to lower gold produced. Subsequent to the quarter, Tanjianshan reported a crack in the mill shell. It is expected that this will take three to four weeks to repair by welding. During this period, any other shutdown works requiring downtime will also be completed. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Jinfeng</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px"><b>Operating Data</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="51%" colspan="2">
        <p style="MARGIN: 0px">Tonnes Milled</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">262,101</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">329,738</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">567,585</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">651,444</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average treated head grade - grams per tonne (g/t)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.22</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.21</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.24</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.15</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average Recovery Rate</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">84.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">87.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">83.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">86.7</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold (ounces)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">22,353</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">38,234</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">48,288</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">74,920</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- Sold</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">22,040</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">38,289</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">48,136</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">74,975</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Cash operating costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">736</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">551</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">731</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">535</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Total cash costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">821</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">632</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">813</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">621</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="top" colspan="2">
        <p style="MARGIN: 0px"><b>Financial Data (millions)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold revenues</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">28.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">46.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">59.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">92.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Depreciation and depletion</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">21.1</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">13.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">11.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">24.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Sustaining capital expenditures</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Jinfeng's production during the quarter was 42% lower year over year mainly as a result of less ore milled and lower head grade, largely due to the end of open pit mining in the second quarter of 2015. Cash costs were higher year over year due to lower gold produced. Capital expenditures for the quarter included underground development, mining equipment and tailings dam improvements.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak3411f156-ba78-4248-873a-978d69c015d9" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">31</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table><font size="2">&nbsp;
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p>&nbsp;&nbsp;&nbsp;</font>&nbsp;&nbsp;&nbsp;
        <p style="MARGIN: 0px"><b>White Mountain</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px"><b>Operating Data</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="51%" colspan="2">
        <p style="MARGIN: 0px">Tonnes Milled</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">198,994</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">210,753</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">405,084</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">417,360</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average treated head grade - grams per tonne (g/t)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2.54</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2.97</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2.90</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.26</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Average Recovery Rate</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">85.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">86.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">86.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">87.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">%</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold (ounces)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp; - Produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">14,527</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">18,683</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">32,862</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">39,566</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp; - Sold</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">14,527</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">18,683</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">32,862</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">39,566</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Cash operating costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">824</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">757</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">689</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">674</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Total cash costs (per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">867</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">796</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">729</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">713</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="top" colspan="2">
        <p style="MARGIN: 0px"><b>Financial Data (millions)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gold revenues</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">18.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">22.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">40.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">48.5</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Depreciation and depletion</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">5.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">8.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">13.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Gross profit &ndash; gold mining operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">3.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">7.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">7.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Sustaining capital expenditures</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">6.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4.2</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">White Mountain's production during the quarter was 22% lower year over year due to slightly reduced milled tonnage and lower feed grade. Cash operating costs per ounce were 9% higher, as a result of lower gold produced. Capital expenditures for the quarter included underground development, exploration drilling, tailings dam construction, and sustaining capital projects within the processing plant. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Stratoni</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid; MARGIN: auto" cellspacing="0" cellpadding="2" width="100%" align="center" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px"><b>Operating Data</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>3 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="6" align="center">
        <p style="MARGIN: 0px" align="center"><b>6 months ended June 30,</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Tonnes ore mined (wet)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">53,739</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">49,031</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">85,706</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">97,730</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Tonnes ore processed (dry)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">51,770</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">43,571</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">82,470</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">90,446</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Pb grade (%)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.40</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.41</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.40</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.66</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Zn grade (%)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.68</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.07</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.43</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.43</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">%</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Ag grade (g/t)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">166</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">168</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">169</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">178</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Tonnes of concentrate produced</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">13,257</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">10,739</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">20,740</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">23,217</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Tonnes of concentrate sold</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">10,252</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11,188</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">14,860</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">26,896</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Average realized concentrate price (per tonne)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">755</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">843</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">755</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">840</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Cash Costs (per tonne of concentrate sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">843</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">799</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">858</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">763</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="top">
        <p style="MARGIN: 0px"><b>Financial Data (millions)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="9%" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Revenues</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">7.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.4</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22.6</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Depreciation and depletion</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5.0</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Earnings/(loss) profit from mining operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.9</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Sustaining capital expenditures</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.8</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.3</td>
    <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Concentrate production during the quarter at Stratoni was higher year over year due to higher ore tonnes processed and zinc head grades. Higher mine production and plant throughput reflected commencement of a trial of continuous underground operations in April, and reduced days lost to stoppages.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak961fe9e8-94b1-421b-84e7-d98ff3ea84ce" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">32</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table><font size="2">&nbsp;
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;
        <p style="MARGIN: 0px"><b>Vila Nova</b></p>
        <p style="MARGIN: 0px">Vila Nova continued on care and maintenance during the quarter. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="4">Gold projects update</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><i>GREECE</i></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Olympias</b></p>
        <p style="MARGIN: 0px">At Olympias, progress was made in the Phase II civil works and steelwork fabrication during the quarter. Concrete demolition work was completed across the site, providing access into additional areas for the contractor. Progress was also made on the design and procurement of steel work with arrival of the first deliveries for the crushing area in late June. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">By the end of the quarter the majority of the long lead items had arrived at site including a number of batches of flotation cells. Plate work fabrication also commenced for the crushing and main production buildings and the refurbishment of existing equipment&nbsp;is proceeding to schedule. The key highlight of the quarter was the awarding of the structural and mechanical installation contracts, which were placed in late June and mobilisation is due to begin early August. Total capital expenditure for the quarter was $30.0 million.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Skouries</b></p>
        <p style="MARGIN: 0px">Skouries began the quarter on care and maintenance, however activities recommenced late in the quarter after receipt of the approval of the Updated Technical Study on May 9, 2016. Construction teams began to remobilize in early June, with the ramp up planned over the next few months. Early activities will be limited to those that take advantage of the summer weather window, including earthworks, completion of building foundations and remaining tree cutting, as well as enabling works for the tailings management facility access road. Total capital expenditures during the quarter were $5.9 million.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Perama Hill</b></p>
        <p style="MARGIN: 0px">No project development activities took place during the quarter and the project remained on care and maintenance.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><i><font size="3">ROMANIA</font></i></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Certej</b></p>
        <p style="MARGIN: 0px">During the quarter project development focused on continued optimization work in the areas of the metallurgical process, water and waste management and site infrastructure.&nbsp;Development continued at the onsite quarry to produce aggregates for onsite road construction and water management facilities.&nbsp;Offsite infrastructure work was focused on upgrading the main waterline. Higher level capital and operating costs updates are underway in order to support ongoing permitting activities.&nbsp;A total of $3.6 million was spent on Certej during the quarter. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><i><font size="3">BRAZIL</font></i></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Tocantinzinho</b></p>
        <p style="MARGIN: 0px">Site activity increased during the quarter as a result of the beginning of the dry season. Work included further geotechnical drilling at the plant and infrastructure areas, maintenance work on the access road and an increase in security facilities, primarily around the camp. Work on the power line and access road focused on engineering design to bring both project areas to a high level of basic design for permitting and costing purposes.&nbsp;A similar approach has been taken with the tailings management and mine rock storage facilities to support ongoing permitting activities.&nbsp;Capital costs incurred at Tocantinzinho during the quarter totalled $0.9 million.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak920d0baf-d5fa-419e-adca-046459abdfcd" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">33</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table><font size="2">&nbsp;
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;
        <p style="MARGIN: 0px"><b><i><font size="3">CHINA</font></i></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><i>Eastern Dragon</i></b></p>
        <p style="MARGIN: 0px">During the quarter, Eastern Dragon remained on care and maintenance as the Company continues to advance the permitting process. The Mining License application has been submitted. Work continued on amendments to the Feasibility Report for forest usage.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="3">Exploration update </font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">During the quarter 7,100 metres of exploration drilling were completed at the Company's operations and exploration projects. The 2016 drilling programs have been affected by delays in obtaining drilling permits. A total of $9.1 million was spent on exploration and evaluation programs.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Greece</b></p>
        <p style="MARGIN: 0px">In Greece, exploration activities focused on the Stratoni corridor, and included geological mapping, updating the three dimensional model for the Mavres Petres orebody and relogging of historical drillcore. Development of the hangingwall exploration drift, designed to provide access for exploration drilling of extensions to the Mavres Petres orebody, will commence in early July. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Romania</b></p>
        <p style="MARGIN: 0px">Fieldwork in Romania during the quarter focused on defining epithermal targets for drilling peripheral to the Certej deposit. Drilling permit applications are pending for several of these, and we expect the work to commence in the third quarter. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Turkey</b></p>
        <p style="MARGIN: 0px">Exploration in Turkey concentrated on project generation work, primarily to identify tertiary volcanic centers in the western part of the country similar to that which hosts the Kisladag deposit. Detailed mapping and modelling work was also completed at the Efemcukuru mine, targeting extensions to the Kokarpinar and Kestane Beleni veins that are scheduled for drilling later this year. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Brazil</b></p>
        <p style="MARGIN: 0px">There was no exploration activity during the quarter at Tocantinzinho in Brazil. Reconnaissance-level mapping and sampling programs were conducted over our licenses in the Mara Rosa belt in Goias State, and new project areas in Minas Gerais and northeastern Brazil.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>China</b></p>
        <p style="MARGIN: 0px">In China, drilling was completed at both the White Mountain and Tanjianshan operations. High-grade extensions to the North and Far North ore zones continue to be intersected at White Mountain, with notable intercepts including 11.8 metres grading 12.82 grams per tonne gold and 11.2 metres grading 7.06 grams per tonne gold.&nbsp; Drilling at Tanjianshan tested four areas, including the Xinjingou deposit which resulted in intercepts of 3.7 metres grading 3.71 grams per tonne gold and 7.0 metres grading 3.73 grams per tonne gold.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak01e2a944-8a81-4a88-ab3c-8aaf8330df33" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">34</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table><font size="2">&nbsp;
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;
        <p style="MARGIN: 0px"><b><font size="4">Quarterly results</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">millions (except per share amounts)</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015 <sup></sup></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2014 <sup></sup></b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2014</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q1</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q4</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q3</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q1</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q4</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q3</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Total revenues<sup>(1)</sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" width="7%" align="right">171.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">164.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">199.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">211.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">214.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">238.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">259.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="7%" align="right">263.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
        <p style="MARGIN: 0px">Profit (loss)<sup>(2)</sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">(329.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(2.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(1,238.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(96.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(198.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(8.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">13.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">19.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="top" colspan="2">
        <p style="MARGIN: 0px">Earnings (loss) per share<sup>(2)</sup></p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" bgcolor="#dee6cc" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td bgcolor="#dee6cc" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- basic</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td bgcolor="#dee6cc" valign="bottom">$</td>
    <td id="ffcell" bgcolor="#dee6cc" valign="bottom" align="right">(0.46</td>
    <td bgcolor="#dee6cc" valign="bottom">)</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">$</td>
    <td id="ffcell" valign="bottom" align="right">(0.00</td>
    <td valign="bottom">)</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">$</td>
    <td id="ffcell" valign="bottom" align="right">(1.73</td>
    <td valign="bottom">)</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>$</td>
    <td>
        <p style="MARGIN: 0px" align="right">(0.13)</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">$</td>
    <td id="ffcell" valign="bottom" align="right">(0.28</td>
    <td valign="bottom">)</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">$</td>
    <td id="ffcell" valign="bottom" align="right">(0.01</td>
    <td valign="bottom">)</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">$</td>
    <td id="ffcell" valign="bottom" align="right">0.02</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom">$</td>
    <td id="ffcell" valign="bottom" align="right">0.03</td>
    <td valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
        <p style="MARGIN: 0px">- diluted</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" bgcolor="#dee6cc" valign="bottom" align="right">(0.46</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" bgcolor="#dee6cc" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(0.00</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(1.73</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid">$</td>
    <td style="BORDER-BOTTOM: black 1px solid">
        <p style="MARGIN: 0px" align="right">(0.13)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(0.28</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(0.01</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.02</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">0.03</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px" align="center"><em><font size="1">(1)</font></em></p></td>
    <td valign="top">
        <p style="MARGIN: 0px"><em><font size="1">Total revenues for Q2 2016 include discontinued operations</font></em></p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px" align="center"><em><font size="1">(2)</font></em></p></td>
    <td valign="top">
        <p style="MARGIN: 0px"><em><font size="1">Attributable to shareholders of the Company</font></em></p></td></tr>
</table>&nbsp;
        <p style="MARGIN: 0px">As discussed above, the second quarter of 2016 was affected by the impairment write down of the Company's Chinese assets. Quarterly profit for the fourth and second quarters of 2015 were affected by impairments of goodwill and property, plant and equipment related to Skouries, Stratoni, Tanjianshan and Certej. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="4">Non-IFRS measures</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Throughout this document, we have provided measures prepared in accordance with IFRS, as well as some non-IFRS performance measures as additional information for investors who also use them to evaluate our performance. Since there is no standard method for calculating non-IFRS measures, they are not a reliable way to compare us against other companies. Non-IFRS measures should be used along with other performance measures prepared in accordance with IFRS. We have defined our non-IFRS measures below and reconciled them with the IFRS measures we report.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>Cash operating cost and total cash cost</i></p>
        <p style="MARGIN: 0px">The table below reconciles cash operating cost from our gold mining operations to production costs. We calculate costs according to the Gold Institute Standard. Total cash cost is the sum of cash operating cost, royalty expense and production tax expense.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px"><b>Reconciliation of cash operating costs to production costs for continuing operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">millions (except for gold ounces sold and cost per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Production costs</b> (from consolidated income statement)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">48.9</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">65.8</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">94.1</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">133.9</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Vila Nova and Stratoni production costs</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">8.7</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">12.9</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22.5</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Production costs &ndash; excluding Vila Nova and Stratoni</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">40.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">56.6</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">81.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">111.4</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">By-product credits and other adjustments</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.0</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.1</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total cash cost</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">39.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">55.5</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">79.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">109.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Royalty expense and production taxes<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.5</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Cash operating cost</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">38.0</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">54.0</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">76.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">106.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Gold ounces sold </p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">77,623</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96,209</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">152,606</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">193,834</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total cash cost per ounce sold</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">505</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">577</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">521</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">565</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Cash operating cost per ounce sold</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">490</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">561</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">504</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">549</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak44501063-6297-4ce3-8248-29307898cfb5" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">35</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px"><b>Reconciliation of cash operating costs to production costs including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">millions (except for gold ounces sold and cost per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Production costs</b><b>&ndash; excluding Vila Nova and Stratoni</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">40.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">56.6</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">81.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">111.4</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Production costs &ndash; discontinued operations (note 5)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">44.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">49.8</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">91.9</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">100.9</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Production costs &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">84.4</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">106.4</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">173.1</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">212.3</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">By-product credits and other adjustments</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.1</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total cash cost &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">83.3</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">105.2</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">171.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">210.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Royalty expense and production taxes<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(5.6</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(8.4</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(13.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(18.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Cash operating cost &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">77.7</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96.8</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">158.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">191.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Gold ounces sold &ndash; including discontinued operations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">128,090</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">170,056</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">261,557</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">351,876</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total cash cost per ounce sold &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">650</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">618</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">654</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">597</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Cash operating cost per ounce sold &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">607</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">569</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">605</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">545</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>All-in sustaining cash cost</i></p>
        <p style="MARGIN: 0px">All-in sustaining costs are calculated by taking total cash costs and adding sustaining capital expenditures, corporate administrative expenses, exploration and evaluation costs, and reclamation cost accretion. Sustaining capital expenditures are defined as those expenditures which do not increase annual gold ounce production at a mine site and exclude all expenditures at the Company's projects and certain expenditures at the Company's operating sites which are deemed expansionary in nature. Certain other cash expenditures, including tax payments, dividends and financing costs are also not included. The Company believes that this measure represents the total costs of producing gold from current operations, and provides the Company and other stakeholders of the company with additional information of the Company's operational performance and ability to generate cash flows. The Company reports this measure on a gold ounces sold basis.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px"><b>Calculation of all-in sustaining cash costs for continuing operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">millions (except for gold ounces sold and all-in sustaining cash cost per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total cash cost &ndash; continuing operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">39.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">55.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">79.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">109.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Sustaining capital spending at operating gold mines</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">13.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">10.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">25.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Exploration spending at operating gold mines</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>General and administrative expenses</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">9.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">21.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">27.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>All-in sustaining cash costs</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">62.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">76.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">127.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">154.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Gold ounces sold &ndash; continuing operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">77,623</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">96,209</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">152,606</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">193,834</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>All-in sustaining cash cost per ounce sold &ndash; continuing operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">808</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">797</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">833</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">799</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreake6697116-0ff2-4091-ab41-94cf3045cf2e" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">36</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px"><b>Calculation of all-in sustaining cash costs including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">millions (except for gold ounces sold and all-in sustaining cash cost per ounce sold)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="right">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total cash cost &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">83.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">105.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">171.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">210.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Sustaining capital spending at operating gold mines</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">16.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">22.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">32.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">37.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Exploration spending at operating gold mines</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">3.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>General and administrative expenses</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">18.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">15.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">30.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">34.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>All-in sustaining cash costs &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">119.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">145.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">237.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">285.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Gold ounces sold &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">128,090</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">170,056</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">261,557</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">351,876</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>All-in sustaining cash cost per ounce sold &ndash; including discontinued operations</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">933</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">854</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">908</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">811</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>Cash flow from mining operations before changes in non-cash working capital</i></p>
        <p style="MARGIN: 0px">We use <i>cash flow from mining operations before changes in non-cash working capital</i> to supplement our consolidated financial statements, and calculate it by not including the period to period movement of non-cash working capital items, like accounts receivable, advances and deposits, inventory, accounts payable and accrued liabilities.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>Adjusted net earnings</i></p>
        <p style="MARGIN: 0px">The Company has included non-IFRS performance measures, <i>adjusted net earnings</i> and <i>adjusted net earnings per share</i>, throughout this document. Adjusted net earnings excludes gains/losses and other costs incurred for acquisitions and disposals of mining interests, impairment charges, unrealized and non-cash realized gains/losses of financial instruments and foreign exchange impacts on deferred income tax as well as significant non-cash, non-recurring items. The Company also excludes net earnings and losses of certain associates that the Company does not view as part of the core mining operations. The Company excludes these items from net earnings to provide a measure which allows the Company and investors to evaluate the results of the underlying core operations of the Company and its ability to generate cash flow. Accordingly, it 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. The following table provides a reconciliation of adjusted net earnings to the consolidated financial statements for the quarters ended June 30:</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px"><b>Reconciliation of adjusted net earnings to consolidated net earnings (loss)</b></p>
        <p style="MARGIN: 0px">millions (except for weighted average shares and earnings per share)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Q2 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>YTD 2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px"><b>Net (loss) earnings attributable to shareholders</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>($329.9)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>($198.6)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>($332.3)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>($206.8)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Post-tax loss on re-measurement to fair value less costs to sell</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">339.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">339.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Impairment loss on property, plant and equipment, net of tax</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">214.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">214.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Write-down of assets net of tax</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(0.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Loss on disposal of assets</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Losses (gains) on available-for-sale securities</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Deferred tax recovery from OCI gain</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Transaction costs</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">4.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Unrealized losses (gains) on foreign exchange translation of deferred income tax balances</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">21.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Inventory writedown</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Total adjusted net earnings</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>11.7</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>17.0</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>11.0</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>36.5</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Weighted average shares outstanding</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">716,587</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">716,587</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">716,587</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">716,585</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px"><b>Adjusted net earnings ($/share)</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>0.01</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>0.02</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>0.01</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><b>$</b></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right"><b>0.05</b></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%"><b>
        <p style="MARGIN: 0px">&nbsp;</p></b></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak6e435bbd-aaff-4805-8bd6-1e96eaf2a18e" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">37</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;
        <p style="MARGIN: 0px"><i>Gross profit from gold mining operations</i></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Gross profit from gold mining operations represents gross revenues (including by-product revenues) from gold mining operations less production costs and depreciation, depletion and amortization related to those operations.<b></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="4">Financial condition and liquidity</font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Operating activities</b></p>
        <p style="MARGIN: 0px">Operating activities from continuing operations before changes in non-cash working capital generated $29.3 million in cash, compared to $34.5 million in 2015. Net cash provided by discontinued operations were $11.6 million (2015 - $34.7 million).</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Investing activities</b></p>
        <p style="MARGIN: 0px">The Company invested $61.6 million in capital expenditures of continuing operations this quarter. Mine evaluation, expansion and development totalled $40.4 million while sustaining capital spending at our producing mines totalled $14.3 million ($13.4 million at our producing gold mines and $0.9 million at Stratoni). A total of $6.4 million in bond interest was also charged to capital projects. The remaining $0.5 million related to fixed assets for our corporate offices. Net cash used by investing activities of discontinued operations was $4.4 million (2015 - $15.1 million) related to sustaining capital expenditures and capitalized evaluation expenditures.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Capital resources</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">(millions)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>June 30,</b></p>
        <p style="MARGIN: 0px" align="right"><b>2016</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>December 31,<br>2015</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Cash, cash equivalents and term deposits<sup>(1)</sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">202.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">292.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Working capital</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,177.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">335.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Debt<sup></sup></p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">620.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">$</td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">589.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px"></p>
        <p style="MARGIN: 0px"><sup>

<table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0" >
<tr>
    <td valign="top" width="45">(1) </td>
    <td valign="top">
        <p style="MARGIN: 0px">Including cash from discontinued operations.</p></td></tr>
</table></sup>&nbsp;
        <p style="MARGIN: 0px">Management believes that the working capital at June 30, 2016, together with future cash flows from operations and, where appropriate, selected financing sources, including available credit lines, are sufficient to support our planned and foreseeable commitments, and dividends, if declared, in 2016 and beyond.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Contractual obligations</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#dee6cc" border="0" >
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px" align="left">(millions)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Within 1 year</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>2 to 3 years</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>3 to 4 years</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Over 5 years</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
        <p style="MARGIN: 0px" align="right">&nbsp;</p></td>
    <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">
        <p style="MARGIN: 0px" align="right"><b>Total</b></p></td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Debt</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">30.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">600.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">630.0</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Capital leases</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.4</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">0.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.2</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Operating leases</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">6.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">24.6</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Purchase obligations</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">44.7</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">-</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">46.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" bgcolor="#ffffff" valign="top">
        <p style="MARGIN: 0px">Totals</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">81.8</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">8.1</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">606.5</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5.9</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">702.3</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">The above table does not include interest on debt.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">As at June 30, 2016, Hellas Gold had entered into off-take agreements pursuant to which Hellas Gold agreed to sell a total of 5,885 dry metric tonnes of zinc concentrates and 5,087 dry metric tonnes of lead/silver concentrates through the financial year ending December 31, 2016, and the 18,000 dry metric tonnes of gold concentrate that remained to be delivered in 2016 have been deferred to 2017, when the new Olympias Concentrator will be operative.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreak48cdc3aa-29a6-4a6d-ac86-9f12d2717597" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">38</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;
        <p style="MARGIN: 0px" align="justify">In April 2007, Hellas agreed to sell to Silver Wheaton (Caymans) Ltd. ("Silver Wheaton") all of the payable silver contained in lead concentrate produced within an area of approximately seven square kilometres around Stratoni. The sale was made in consideration of a prepayment to Hellas of $57.5 million in cash, plus a fixed price per ounce of payable silver to be delivered of the lesser of $3.90 and the prevailing market price per ounce, adjusted higher every April by 1%. For the period April 2016 through December 2016, this amount is equal to $4.18 per ounce. In October 2015 the agreement with Silver Wheaton was amended to provide an increase in the price per ounce of payable silver to be delivered to Hellas based on Hellas achieving certain exploration drilling milestones. </p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify">In May 2013, the Company, in connection with Hellas Gold, entered into a Letter of Guarantee in favour of the Greek Ministry of Environment, Energy and Climate Change, in the amount of EUR50.0 million, as security for the due and proper performance of rehabilitation works committed in connection with the Environmental Impact Assessment approved for the Kassandra Mines (Stratoni, Olympias and Skouries). The Letter of Guarantee is renewed annually and expires on July 26, 2026. The Letter of Guarantee has an annual fee of 57 basis points. </p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify">As at December 31, 2015, Tuprag Metal Madencilik Sanayi Ve Ticaret A.S. ("Tuprag") had entered into off-take agreements pursuant to which Tuprag agreed to sell a total of 22,650 dry metric tonnes of gold concentrate through the financial year ending December 31, 2016.</p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify"><strong>Debt</strong></p>
        <p style="MARGIN: 0px" align="justify">Significant changes in our debt from that disclosed in our December 31, 2015 annual MD&amp;A and consolidated financial statements are as follows:</p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify"><i>Revolving credit facility</i></p>
        <p style="MARGIN: 0px" align="justify">In November 2012, the Company entered into a $375.0 million revolving credit facility with a syndicate of banks ("the credit facility"). The credit facility was to mature on November 23, 2016.</p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify">In June 2016, the Company amended and restated the existing revolving credit agreement ("the amended and restated credit agreement" or "ARCA") to $250.0 million with the option to increase by an additional $100.0 million through an accordion feature. The maturity date was also extended to June 13, 2020. The ARCA continues to be secured by the shares of SG Resources and Tuprag, wholly owned subsidiaries of the Company.</p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify">The ARCA contains covenants that restrict, among other things, the ability of the Company to incur aggregate unsecured indebtedness exceeding $850.0 million, incur secured indebtedness exceeding $200.0 million and permitted unsecured indebtedness exceeding $150.0 million. The ARCA also contains restrictions for making distributions in certain circumstances, selling material assets (other than the permitted disposition of the China Business) and conducting business other than that which relates to the mining industry. Significant financial covenants include a maximum Net Debt to Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") of 3.5:1 and a minimum EBITDA to Interest of 3:1. The Company is in compliance with these covenants at June 30, 2016.</p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify">Loan interest is variable dependent on a Net Leverage ratio pricing grid. The Company's current net leverage ratio is approximately 2.1:1. At this ratio, interest charges and fees are as follows: LIBOR plus margin of 2.625% and undrawn standby fee of 0.725%. Fees of $2.0 million were paid on the amendment dated June 2016. This amount has been deferred as prepayment for liquidity services and will be amortized over the term of the credit facility.</p>
        <p style="MARGIN: 0px" align="justify">&nbsp;</p>
        <p style="MARGIN: 0px" align="justify">As of June 30, 2016, the Company had $30.0 million drawn against the facility, with a maturity day in August 2016.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>Senior notes</i></p>
        <p style="MARGIN: 0px">The fair market value of the notes as at June 30, 2016 is $600.8 million. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><i>Entrusted loan</i></p>
        <p style="MARGIN: 0px">As at June 30, 2016, RMB 696.6 million ($105.0 million) had been drawn under the entrusted loan. The loan has been recorded on a net settlement basis.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreakcd6925e1-578d-43ab-8370-b7bb8b1231d2" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">39</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;
        <p style="MARGIN: 0px"><strong>Equity</strong></p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table style="BORDER-TOP: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="80%" align="center" border="0" >
<tr>
    <td valign="top">
        <p style="MARGIN: 0px">Common shares outstanding </p>
        <p style="MARGIN: 0px 0px 0px 15px">- as of June 30, 2016</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" valign="bottom" width="9%" align="right">716,587,134</td>
    <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid">
        <p style="MARGIN: 0px 0px 0px 15px">- as of July 28, 2016</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">716,587,134</td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
        <p style="MARGIN: 0px">Share purchase options </p>
        <p style="MARGIN: 0px 0px 0px 15px">- as of July 28, 2016</p>
        <p style="MARGIN: 0px">(Weighted average exercise price per share: $10.11 Cdn)</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="top" width="9%" align="right">31,240,239</td>
    <td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom" width="1%">
        <p style="MARGIN: 0px">&nbsp;</p></td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b><font size="4">Other information </font></b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>New accounting developments</b></p>
        <p style="MARGIN: 0px">The following standard has been published and is mandatory for Eldorado's annual accounting periods no earlier than January 1, 2018:</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><font face="Symbol">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px" align="justify">IFRS 9<em> 'Financial Instruments' </em>&ndash; This standard was published in July 2015 and replaces the existing guidance in IAS 39, 'Financial Instruments: Recognition and Measurement'. IFRS 9 includes revised guidance on the classification and measurement of financial instruments, including a new expected credit loss model for calculating impairment on financial assets, and the new general hedge accounting requirements. It also carries forward the guidance on recognition and derecognition of financial instruments from IAS 39. IFRS 9 is effective for annual reporting periods beginning on or after January 1, 2018, with early adoption permitted. The Company is currently evaluating the extent of the impact of the adoption of this standard.</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px" align="justify">IFRS 15 <em>'Revenue from Contracts with Customers'</em> &ndash; This standard contains a single model that applies to contracts with customers and two approaches to recognising revenue: at a point in time or over time. The model features a contract-based five-step analysis of transactions to determine whether, how much and when revenue is recognized. New estimates and judgmental thresholds have been introduced, which may affect the amount and/or timing of revenue recognized. This standard is effective for annual reporting periods beginning on or after January 1, 2018, with early adoption permitted. The Company does not expect this standard to have a material impact on its financial statements.</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px" align="justify">IFRS 16 <em>'Leases'</em> &ndash; This standard was published in January 2016 and replaces the existing guidance in IAS 17, 'Leases'. IFRS 16 introduces a single accounting model for lessees and for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee will be required to recognize a right-of-use asset, representing its right to use the underlying asset, and a lease liability, representing its obligation to make lease payments. The accounting treatment for lessors will remain largely the same as under IAS 17. IFRS 16 is effective for annual reporting periods beginning on or after January 1, 2019, with early adoption permitted. The Company is currently evaluating the extent of the impact of the adoption of this standard.</p></td></tr>
</table></font>&nbsp;
        <p style="MARGIN: 0px" align="left">There are other new standards, amendments to standards and interpretations that have been published and are not yet effective. The Company believes they will have no material impact on its consolidated financial statements.</p>
        <p style="MARGIN: 0px">&nbsp;</p>

<table id="pagebreaka0555c34-70d2-401d-a858-760283d2289b" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">
<tr>
    <td class="hpbhr">&nbsp;</td></tr>
<tr>
    <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">40</td></tr>
<tr></tr>
<tr>
    <td>
        <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>
<tr>
    <td>&nbsp;</td></tr>
</table>
        <p style="MARGIN: 0px">&nbsp;</p><font size="2">
        <p style="MARGIN: 0px">

<table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" >
<tr>
    <td valign="bottom">
        <p style="MARGIN: 0px"><strong>MANAGEMENT'S DISCUSSION AND ANALYSIS</strong>&nbsp;</p>
        <p style="MARGIN: 0px">for the three and six-month periods ended June 30, 2016</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right"><img src="img2.jpg"   ></p></td></tr>
</table></p></font>&nbsp;&nbsp;
        <p style="MARGIN: 0px"><b>Internal controls over financial reporting</b></p>
        <p style="MARGIN: 0px" align="left">Eldorado's management is responsible for establishing and maintaining adequate internal control over financial reporting. Any system of internal control over financial reporting, no matter how well designed, has inherent limitations. As a result, even those systems determined to be effective can only provide reasonable assurance regarding the preparation and presentation of our financial statements. There have been no changes in our internal control over financial reporting in the second quarter of 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Qualified Person</b></p>
        <p style="MARGIN: 0px" align="left">Except as otherwise noted, Paul Skayman, P. Eng., our Chief Operating Officer, is the Qualified Person under NI 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this MD&amp;A and verifying the technical data disclosed in this document relating to our operating mines and development projects.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Dr. Peter Lewis, P. Geo., our Vice President, Exploration, is the Qualified Person for the technical disclosure of exploration results contained in this MD&amp;A. Drillhole results quoted represent mineralized widths in drillholes, which are greater than the true widths of mineralized zones.&nbsp; Assay results reported in this release for White Mountain in China were determined from diamond drill core samples that were crushed, split, and pulverized at Eldorado's sample preparation facilities at the White Mountain mine.&nbsp; Gold analyses were completed by fire assay at the ALS Chemex facility in Guangzhou.&nbsp; Field duplicate, and blank samples were inserted prior to shipment to the preparation facility, certified standard reference materials were inserted prior to shipment to the assay laboratory, and results were regularly monitored to ensure the quality of the data. </p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px"><b>Forward-looking information and risks</b></p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">This MD&amp;A includes statements and information about what we expect to happen in the future. When we discuss our strategy, plans and future financial and operating performance, or other things that have not yet happened in this review, we are making statements considered to be <i>forward-looking information </i>or<i> forward-looking statements</i> under Canadian and United States securities laws. We refer to them in this document as <i>forward-looking information</i>.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Key things to understand about the forward-looking information in this document:</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px" align="justify">It typically includes words and phrases about the future, such as: plan, expect, forecast, intend, anticipate, believe, estimate, budget, scheduled, may, could, would, might, will, as well as the negative of these words and phrases.</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px" align="justify">Although it represents our current views, which we consider to be reasonable, we can give no assurance that the forward-looking information will prove to be accurate.</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">It is based on a number of assumptions, including things like the future price of gold, anticipated costs and spending, and our ability to achieve our goals.</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px" align="justify">It is also subject to the risks associated with our business, including</p></td></tr>
</table>&nbsp;
        <p style="MARGIN: 0px">

<table style="FONT: 10pt times new roman" width="100%" border="0" >
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">the changing price of gold and currencies and the impact of any hedging activities,</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">actual and estimated production and cost of production,</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">discrepancies between actual and estimated mineral reserves and resources,</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">the speculative nature of gold exploration,</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">risks associated with mining operations and development,</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">regulatory, title, permitting and licensing risks,</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">acquisition risks, and</p></td></tr>
<tr>
    <td valign="top" width="45">
        <p style="MARGIN: 0px">&nbsp;</p></td>
    <td valign="top" width="45">
        <p style="MARGIN: 0px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&middot;</font></p></td>
    <td>
        <p style="MARGIN: 0px">other risks that are set out in our Annual Information Form.</p></td></tr>
</table>&nbsp;
        <p style="MARGIN: 0px">If our assumptions prove to be incorrect or the risks materialize, our actual results and events may vary materially from what we currently expect.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">Forward-looking information is designed to help you understand management's current views of our near and longer term prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.</p>
        <p style="MARGIN: 0px">&nbsp;&nbsp;</p>
        <p style="MARGIN: 0px">The Company's operations are subject to a number of risks and other uncertainties, including risks related to the Company's foreign operations, government, environmental and other regulations and operating costs. Occurrence of various factors and uncertainties of risk cannot be accurately predicted and could cause actual results to differ significantly from our current expectations and result in a material adverse effect on the Company's operations or profitability. A comprehensive discussion of the Company's risks and uncertainties is set out in our Annual Information Form dated March 30, 2016. By this reference we hereby incorporate this discussion as a part of this MD&amp;A. The reader is directed to carefully review this discussion for a proper understanding of these risks and uncertainties.</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px">&nbsp;</p>
        <p style="MARGIN: 0px" align="right">&nbsp;41</p>
        <p style="FONT-SIZE: 1px; WIDTH: 100%; BORDER-BOTTOM: #000000 1px solid; MARGIN: 0px">&nbsp;</p>
        </BODY>
</TEXT>
</DOCUMENT>
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<FILENAME>img2.jpg
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
