<SEC-DOCUMENT>0001157523-20-000590.txt : 20200429
<SEC-HEADER>0001157523-20-000590.hdr.sgml : 20200429
<ACCEPTANCE-DATETIME>20200429063154
ACCESSION NUMBER:		0001157523-20-000590
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200429
FILED AS OF DATE:		20200429
DATE AS OF CHANGE:		20200429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Gold Inc. /FI
		CENTRAL INDEX KEY:			0000800166
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31722
		FILM NUMBER:		20827218

	BUSINESS ADDRESS:	
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3
		BUSINESS PHONE:		(416) 324-6000

	MAIL ADDRESS:	
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRC RESOURCES CORP                                      /FI
		DATE OF NAME CHANGE:	19860904
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a52211429.htm
<DESCRIPTION>NEW GOLD INC. 6-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-indent: 36pt;">&#160;<br>
      &#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Form 6-K</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</div>
    <div style="text-align: center; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">For the month of April 2020.</div>
    <div>&#160;</div>
    <div>Commission File Number 001-31722</div>
    <div>&#160;</div>
    <br>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">New Gold Inc.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-align: center;">Suite 3320 &#8211; 181 Bay Street</div>
    <div style="text-align: center;">Toronto, Ontario M5J 2T3</div>
    <div style="text-align: center;">Canada</div>
    <div style="text-align: center;">(Address of principal executive office)</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>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): <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>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): <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div><font style="font-weight: bold;">Note: </font>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make
      public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country exchange on which the registrant&#8217;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&#8217;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other
      Commission filing on EDGAR.</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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    <div style="text-align: center; font-weight: bold;">DOCUMENTS FILED AS PART OF THIS FORM 6-K</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z94d2988800844e87978ee9ec3f97fe75">

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            <div style="text-align: center; font-weight: bold;">Exhibit</div>
          </td>
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            <div style="text-align: center; font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 89%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top;">
            <div><a href="a52211429ex99_1.htm"><u>99.1</u></a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 89%; vertical-align: top;">
            <div><a href="a52211429ex99_1.htm"><u>New Gold Inc. News Release date April 29, 2020 &#8211; New Gold Reports First Quarter Financial Results</u></a></div>
            <a href="a52211429ex99_1.htm"> </a></td>
          <a href="a52211429ex99_1.htm"> </a></tr>
        <a href="a52211429ex99_1.htm"> </a>

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    <a href="a52211429ex99_1.htm"> </a>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-indent: 18pt;">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.</div>
    <div style="text-indent: 36pt;">&#160;</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
          </td>
          <td style="width: 48%; vertical-align: top;">
            <div style="font-weight: bold;">NEW GOLD INC.</div>
          </td>
        </tr>
        <tr>
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            <div>&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 48%; vertical-align: top;">
            <div>&#160;</div>
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            <div>&#160;</div>
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          <td style="width: 4%; vertical-align: top;">
            <div style="text-align: center;">By:</div>
          </td>
          <td style="width: 48%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-style: italic;"><br>
              /s/ Sean Keating</div>
          </td>
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        <tr>
          <td style="width: 48.28%; vertical-align: top;" rowspan="2">
            <div>Date:&#160;April 29, 2020</div>
          </td>
          <td style="width: 4%; vertical-align: top;" rowspan="2">
            <div>&#160;</div>
          </td>
          <td style="width: 48%; vertical-align: middle;">
            <div>Sean Keating</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">Vice President, General Counsel and<br>
          </td>
        </tr>
        <tr>
          <td style="width: 48.28%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 48%; vertical-align: middle;" rowspan="1">Corporate Secretary</td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52211429ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
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    <div class="bw-release">
      <div class="bw-release">
        <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>New Gold Reports First Quarter Financial Results</b> </h1>
        <div class="bw-release-body">
          <div class="bw-release-table-js bw-release-story">
            <p>TORONTO--(BUSINESS WIRE)--April 29, 2020--<b>April 29, 2020 &#8211; New Gold Inc. (&#8220;New Gold&#8221; or the &#8220;Company&#8221;) (TSX and NYSE American: NGD)</b> reports first quarter results for the Company as of March 31, 2020. An earnings conference call and
              webcast will begin at 8:30 am Eastern Time to discuss the first quarter financial results. <i>(Details provided at the end of this news release).</i> </p>
            <p> <i>(For detailed information, please refer to the Company&#8217;s First Quarter Management&#8217;s Discussion and Analysis (MD&amp;A) and Financial Statements that are available on the Company&#8217;s website at www.newgold.com and on SEDAR at
                www.sedar.com. The Company uses certain non-GAAP financial performance measures throughout this press release. Please refer to the &#8220;Non-GAAP Financial Performance Measures&#8221; section of this press release and the MD&amp;A. All amounts are in
                U.S. dollars unless otherwise indicated).</i> </p>
            <p> <b>First Quarter Highlights</b> </p>
            <ul style="list-style-type: disc;">
              <li> Total production for the first quarter was 103,435 gold equivalent (gold eq.) ounces (66,790 ounces of gold, 131,417 ounces of silver and 18.5 million pounds of copper). </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Revenues for the quarter were $142 million. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Operating expense for the quarter was $864 per gold eq. ounce. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Total cash costs<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,2</sup> for the quarter were $916 per gold eq. ounce. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> All-in sustaining costs (AISC)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,2</sup> for the quarter were $1,446 per gold eq. ounce. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Net loss from operations for the quarter was $28 million ($0.04 per share). </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Adjusted net loss<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> for the quarter was $18 million ($0.03 per share). </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Cash generated from operations for the quarter was $51 million ($0.08 per share). Operating cash flow generated from operations for the quarter, before non-cash changes in working capital<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>, was $47 million ($0.07 per share). </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> As of the end of the quarter, the Company had available liquidity of approximately $600 million, including approximately $400 million in cash and cash equivalents. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> On April 15, 2020, the Company announced that due to the rapidly changing and unpredictable environment caused by the spread of the COVID-19 virus, guidance for 2020 has been withdrawn. </li>
            </ul>
            <p> &#8220;We are encouraged by the financial results for the quarter as they were impacted by the 2-week suspension at Rainy River in the latter part of March, and the enhanced COVID-19 safety protocols put in place at both operations. Following the
              close of a strategic $300 million partnership with the Ontario Teachers' Pension Plan, the Company now has a strong liquidity position of $600 million, which is more than adequate to fund our business during this COVID-19 period.&#8221; stated
              Renaud Adams, CEO. &#8220;Throughout this challenging time, New Gold will continue to prioritize the safety and well-being of our employees and local communities and we will continue to work with local governments as well as our Indigenous and
              community leaders to implement and coordinate actions to reduce the risk of the spread of COVID-19.&#8221; </p>
            <p> <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1. </sup>&#8220;Total cash costs per gold equivalent ounce&#8221; and &#8220;AISC per gold equivalent ounce&#8221; are calculated using gold equivalent ounces sold. </p>
            <p> <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2. </sup>Refer to the &#8220;Non-GAAP Performance Measures&#8221; section of this press release. </p>
            <div> </div>
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            </div>
            <p> &#160; </p>
            <table cellspacing="0" id="z40bd4cb9aab4449e9b588d41708e7001" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto;width:573px; font-size: 10pt;">

                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
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                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;width:175px;">&#160;</td>
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                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Financial Highlights</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;width:175px;"><br>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;width:175px;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2019</b> </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Revenue </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 142.3 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;width:175px;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 167.9 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Net earnings (loss), per share </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> (0.04) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;width:175px;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> (0.02) </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;height:29px;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Adj. net earnings (loss)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> per share </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;height:29px;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> (0.03) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;width:175px;height:29px;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.00 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Operating cash flow, per share </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.08 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;width:175px;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.13 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Adj. operating cash flow<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>, per share </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.07 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;width:175px;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.12 </p>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="3">
                    <ol style="list-style-type: decimal;">
                      <li> Refer to the &#8220;Non-GAAP Performance Measures&#8221; section of this press release. </li>
                    </ol>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="padding-left: 0.0px;" colspan="3"><br>
                  </td>
                </tr>

            </table>
            <ul style="list-style-type: disc;">
              <li> Revenues for the quarter were $142 million, a decrease compared to the prior year quarter due to a decrease in gold and copper sales volumes, including the impact of the 12-day suspension at the Rainy River mine, and a decrease in copper
                prices, partially offset by an increase in gold prices. Sales volumes in the prior-year period were 10% higher than production primarily due to the timing of shipment and sales. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Operating expenses for the quarter were consistent with the prior-year quarter. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Net loss for the quarter was $28 million ($0.04 per share), an increase in loss over the prior year quarter primarily due to lower revenues. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Adjusted net loss for the quarter was $18 million ($0.03 per share), which is an increase in loss over the prior year quarter primarily due to lower revenues. </li>
            </ul>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <p> &#160; </p>
            <table cellspacing="0" id="z3f86aae37317471a8d8b1a043c96be10" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;">&#160;</td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Operational Highlights</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2019</b> </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 103,435 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 123,263 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 66,790 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 79,398 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Copper production (Mlbs) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.5 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19.5 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,458 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,301 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized copper price, per pound<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.56 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.79 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Operating expense, per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 864 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 645 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Total cash costs, per gold eq. ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 916 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 697 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Depreciation and depletion per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 507 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 457 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> AISC, per gold eq. ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,446 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,083 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Sustaining capital and sustaining leases ($M)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 49.1 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 44.8 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Growth capital ($M)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19.0 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 7.8 </p>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="3">
                    <ol style="list-style-type: decimal;">
                      <li> Total gold equivalent ounces include silver and copper produced (excluding production from the Cerro San Pedro Mine) converted to a gold equivalent based on a ratio of $1,500 per gold ounce, $17.75 per silver ounce and $2.85 per
                        copper pound. Throughout the year the company will report gold equivalent ounces using a constant ratio of those prices. All copper is produced by the New Afton Mine. </li>
                      <li> Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release. </li>
                    </ol>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="padding-left: 0.0px;" colspan="3"><br>
                  </td>
                </tr>

            </table>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <table cellspacing="0" id="z49eba4ed987949da85c2ed1b4d9bf281" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><b>Rainy River Highlights</b></td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Rainy River Mine</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2019</b> </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,106 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 62,278 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. sold (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 53,538 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 71,483 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 50,381 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 61,557 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold sold (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,782 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 70,695 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized gold price, per ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,455 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,295 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Operating expense, per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,060 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 801 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Total cash costs, per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,060 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 801 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Depreciation and depletion per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 661 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 303 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> AISC, per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,755 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,330 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Sustaining capital and sustaining leases ($M)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 35.7 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 36.6 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Growth capital ($M) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.1 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 3.8 </p>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="3">
                    <ol style="list-style-type: decimal;">
                      <li> Gold equivalent ounces for Rainy River in Q1 2020 includes 61,265 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce and $17.75 per silver ounce. </li>
                      <li> Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release. </li>
                    </ol>
                  </td>
                </tr>

            </table>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <table cellspacing="0" id="z640e3aebaeb84883a205e339e0c8c09a" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;">&#160;</td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Rainy River Mine</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>FY 2018</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q2 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q3 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q4 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes mined per day (ore and waste) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 108,392 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 111,679 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 114,544 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 111,078 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 136,124 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 127,684 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Ore tonnes mined per day </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 33,687 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,739 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 21,368 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18,220 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19,485 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 26,012 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Operating waste tonnes per day </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 47,128 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 62,955 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 82,488 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 75,206 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 74,020 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 75,596 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Capitalized waste tonnes per day </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 25,576 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 32,986 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 10,688 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,652 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 42,619 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 26,077 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Total waste tonnes per day </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 74,705 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 95,941 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 93,176 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 92,858 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 116,639 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 101,673 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Strip ratio (waste:ore) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.22 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 6.10 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 4.36 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 5.10 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 5.99 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 3.91 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes milled per calendar day </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,934 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19,725 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 21,117 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 24,500 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 22,521 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18,441 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold grade milled (g/t) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.25 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.19 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.15 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.14 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.85 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.03 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold recovery (%) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 86 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 90 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 93 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 91 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 91 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 90 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Mill availability (%) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 77 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 89 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 88 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 88 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 89 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 91 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (oz) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 227,284 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 61,557 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 66,013 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 75,080 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,122 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 50,381 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (oz) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 230,349 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 62,278 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 66,765 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 76,092 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,915 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,106 </p>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="7">
                    <ol style="list-style-type: decimal;">
                      <li> Gold equivalent ounces for Rainy River in Q1 2020 includes 61,265 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce and $17.75 per silver ounce. </li>
                    </ol>
                  </td>
                </tr>

            </table>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <ul style="list-style-type: disc;">
              <li> The Rainy River mine completed a temporary two-week shutdown from March 20 to April 2 that allowed the local workforce to follow a 14-day period of self-isolation relating to travel outside of Canada. On April 3, operations resumed with
                operations gradually ramping up over the coming weeks. <i>(refer to the Company's April 3, 2020 press release for further information) </i> </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> The mine is currently utilizing its local workforce and will steadily ramp-up operations over the coming weeks as we continue to assess different scenarios to safely reintroduce the non-local workforce into the daily operations to
                enhance our drilling and maintenance capacity. To date, the mine is averaging approximately 100,000 tonnes per day, which is approximately 70% of the productivity achieved prior to the shutdown. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> The mill facility has been restarted and is currently processing ore directly supplied by the open pit mine combined with ore from the medium grade stockpile and is operating at full capacity. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> For the first quarter, the mine reported gold eq. production of 51,106 ounces (50,381 ounces of gold and 61,265 ounces of silver), including 12-days of downtime related to the suspension of operations. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Operating expenses and total cash costs were $1,060 per gold eq. ounce for the quarter, which is an increase from the prior-year quarter primarily due to an increase in operating waste tonnes mined as well as lower production and sales
                as a result of planned lower grade ore mined and processed. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Depreciation and depletion was $661 per gold eq. ounce for the quarter, which is an increase from the prior-year quarter primarily due to decreased reserves and shorter mine life when compared to the prior year. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Sustaining capital and sustaining lease payments for the quarter were $35.7 million, including $6.6 million of capitalized mining costs. During the quarter, sustaining capital activities included advancement of the planned tailings dam
                raise, preparation for wick drain installation for stabilization of the east waste dump, ongoing construction of the maintenance and warehouse facilities, as well as the installation of a bio-chemical reactor (BCR2) that will allow for
                discharge of water, currently scheduled to begin in Q2 2020. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> AISC were $1,755 per gold eq. ounce for the quarter, which is an increase from the prior-year quarter, primarily due to lower gold eq. ounces sold in the quarter. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> During the quarter, approximately 2.4 million ore tonnes and 9.3 million waste tonnes (including 2.4 million capitalized waste tonnes) were mined from the open pit at an average strip ratio of 3.91:1. Prior to the suspension of
                operations, the open pit was mining an average of approximately 140,000 tonnes per day. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Mill throughput for the quarter averaged 18,441 tonnes per day, including the 12-days of downtime related to the suspension of operations in the quarter, as well as completion of maintenance projects and adjustments related to the
                grinding circuit early in the quarter. Adjustments to the grinding circuit, including the commissioning of the pebble crusher were required to process harder ore feed, which contributed to lower run rates in January. Mill productivity
                achieved target levels in February and early March (prior to the suspension) averaging approximately 23,800 tonnes per day, in-line with the first quarter target range of 24,000 tonnes per day. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Mill availability for the quarter averaged 91%, excluding the 12-days of downtime, in-line with plan. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Gold recovery averaged 90% for the quarter, slightly above planned levels. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Exploration activities included exploration reconnaissance target definition and drill campaign planning, aimed to commence upon the receipt of the required permits. </li>
            </ul>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <p> &#160; </p>
            <table cellspacing="0" id="za41357f4c5c24ec8a4f238f1cfa1438b" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;">&#160;</td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>New Afton Highlights</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;"><br>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>New Afton Mine</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2019</b> </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,329 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 60,986 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. sold (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 50,398 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 63,216 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,409 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,841 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold sold (ounces) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,991 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18,617 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Copper production (Mlbs) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.5 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19.5 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Copper sold (Mlbs) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17.7 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 20.2 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,464 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,327 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized copper price, per pound<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.56 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.79 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Operating expense, per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 655 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 468 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Total cash costs, per gold eq. ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 762 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 578 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Depreciation and depletion per gold eq. ounce </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 334 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 630 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> AISC, per gold eq. ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,033 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 714 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Sustaining capital and sustaining leases ($M)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 13.3 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 8.0 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Growth capital ($M)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 2</sup> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 10.8 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.6 </p>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="3">
                    <ol style="list-style-type: decimal;">
                      <li> Gold equivalent ounces for New Afton in Q1 2020 includes 18.5 pounds of copper and 70,152 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce, $2.85 per copper pound and $17.75 per silver
                        ounce. </li>
                      <li> Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release. </li>
                    </ol>
                  </td>
                </tr>

            </table>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <table cellspacing="0" id="zfea8b817dc1240cea94b36c1c7afb5d6" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

                <tr>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;"><br>
                  </td>
                  <td colspan="1" rowspan="1" style="padding-left: 0.0px;">&#160;</td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> <b>New Afton Mine</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>FY 2018</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q2 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q3 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q4 19</b> </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes mined per day (ore and waste) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,156 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,824 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,357 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,773 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,539 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,727 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes milled per calendar day </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,668 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,759 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,992 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,572 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,861 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,377 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold grade milled (g/t) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.53 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.50 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.53 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.43 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.42 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.45 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold recovery (%) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 85 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 80 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 79 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 81 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (oz) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 77,329 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,841 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19,203 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,007 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,734 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,409 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Copper grade milled (%) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.87 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.80 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.86 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.76 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.70 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.73 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Copper recovery (%) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 84 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 81 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 82 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Copper production (Mlbs) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 85.1 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19.5 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 21.6 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 20.1 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.3 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.5 </p>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                    <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (oz) </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 279,755 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 60,986 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 65,791 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,807 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 49,507 </p>
                  </td>
                  <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                    <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,329 </p>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="7">
                    <ol style="list-style-type: decimal;">
                      <li> Gold equivalent ounces for New Afton in Q1 2020 includes 18.5 pounds of copper and 70,152 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce, $2.85 per copper pound and $17.75 per silver
                        ounce. </li>
                    </ol>
                  </td>
                </tr>

            </table>
            <ul style="list-style-type: disc;">
              <li> The mine produced 52,329 gold eq. ounces for the quarter (16,409 ounces of gold, and 18.5 million pounds of copper). </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Operating expenses and total cash costs for the quarter were $655 per gold eq. ounce, and $762 per gold eq. ounce, respectively, which is an increase from the prior-year quarter primarily due to higher tonnes mined as well as lower gold
                eq. ounces as a result of lower gold and copper production in the quarter. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Depreciation and depletion was $334 per gold eq. ounce for the quarter, which is a decrease from the prior-year quarter as a result of the inclusion of C-zone reserves in its depletion base and a longer mine life. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Sustaining capital and sustaining lease payments for the quarter were $13.3 million, primarily related to B3 mine development and advancement of the planned tailings dam raise. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> AISC were $1,033 per gold eq. ounce for the quarter, which is an increase from the prior-year quarter due to higher total cash costs, higher sustaining capital expenditures, as well as an lower gold eq. ounces as a result of lower gold
                and copper production in the quarter. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Growth capital was $10.8 million for the quarter, primarily related to C-zone development and the Thickened and Amended Tailings ("TAT") project. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> During the quarter, total development towards the B3 and C-zone advanced by approximately 1,231 metres. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> B3 and C-zone development may be reduced in the coming weeks due to the implementation of COVID-19 protocols, which will temporarily impact productivity levels. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> The underground mine averaged 16,727 tonnes per day for the quarter. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> The mill averaged 15,377 tonnes per day for the quarter, at an average gold and copper grade of 0.45 g/t gold and 0.73% copper, respectively, at gold and copper recoveries of 81% and 82%, respectively. During the quarter, lower than
                planned copper grades were mined in a portion of the Lift 1 east cave, primarily due to higher than expected dilution rates that were encountered. The Company will continue to review the causes of the lower grade and potential impact. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Exploration activities in the quarter included underground delineation drilling on the East Extension zone and refinement of exploration targets for the planned drilling campaign within the Cherry Creek Trend area. </li>
            </ul>
            <div> </div>
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            </div>
            <p> <b>First Quarter 2020 Conference Call and Webcast <br>
              </b>The Company will host a webcast and conference call on Wednesday, April 29, 2020 at 8:30 am (EDT) to discuss the Company&#8217;s first quarter financial and operating results. </p>
            <ul style="list-style-type: disc;">
              <li> Participants may listen to the webcast by registering on our website at www.newgold.com or via the following link https://onlinexperiences.com/Launch/QReg/ShowUUID=615FC5AC-FAB0-45B9-90A9-32381B1CFF2A </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> Participants may also listen to the conference call by calling toll free 1-877-255-3077, or 1-647-689-6603 outside of the U.S. and Canada, passcode 3881419. </li>
            </ul>
            <ul style="list-style-type: disc;">
              <li> A recorded playback of the conference call will be available until May 29, 2020 by calling toll free 1-800-585-8367, or 1-416-621-4642 outside of the U.S. and Canada, passcode 3881419. An archived webcast will also be available until
                April 29, 2021 at www.newgold.com </li>
            </ul>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
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            </div>
            <p> <b>About New Gold Inc. <br>
              </b>New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as the 100% owned Blackwater development project. The Company also
              operates the Cerro San Pedro Mine in Mexico (in reclamation). New Gold&#8217;s vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on
              the Company, visit www.newgold.com. </p>
            <p> <b>Cautionary Note Regarding Forward-Looking Statements</b> </p>
            <p> Certain information contained in this news release, including any information relating to New Gold&#8217;s future financial or operating performance are &#8220;forward looking&#8221;. All statements in this news release, other than statements of historical
              fact, which address events, results, outcomes or developments that New Gold expects to occur are &#8220;forward-looking statements&#8221;. Forward-looking statements are statements that are not historical facts and are generally, but not always,
              identified by the use of forward-looking terminology such as &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;targeted&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221;, &#8220;projects&#8221;, &#8220;potential&#8221;, &#8220;believes&#8221; or variations of such
              words and phrases or statements that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;should&#8221;, &#8220;might&#8221; or &#8220;will be taken&#8221;, &#8220;occur&#8221; or &#8220;be achieved&#8221; or the negative connotation of such terms. Forward-looking statements in this news
              release include, among others, statements with respect to: the Company&#8217;s anticipated course of action at the Rainy River mine and the gradual ramp-up of operations; the Company&#8217;s ability to reduce the risk of the spread of COVID-19; the
              Company&#8217;s review of lower than planned copper grades at New Afton; and the adequacy of the Company&#8217;s liquidity position. </p>
            <p> All forward-looking statements in this news release are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New
              Gold&#8217;s ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this news release, New Gold&#8217;s latest annual management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;), its most recent
              annual information form and technical reports on the Rainy River Mine and New Afton Mine filed at www.sedar.com and on EDGAR at www.sec.gov. In addition to, and subject to, such assumptions discussed in more detail elsewhere, the
              forward-looking statements in this news release are also subject to the following assumptions: (1) there being no significant disruptions affecting New Gold&#8217;s operations other than as set out herein; (2) political and legal developments in
              jurisdictions where New Gold operates, or may in the future operate, being consistent with New Gold&#8217;s current expectations; (3) the accuracy of New Gold&#8217;s current mineral reserve and mineral resource estimates; (4) the exchange rate between
              the Canadian dollar and U.S. dollar, and to a lesser extent, the Mexican Peso, being approximately consistent with current levels; (5) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent
              with current levels; (6) equipment, labour and materials costs increasing on a basis consistent with New Gold&#8217;s current expectations; (7) arrangements with First Nations and other Aboriginal groups in respect of the New Afton Mine, Rainy
              River Mine and Blackwater project being consistent with New Gold&#8217;s current expectations, particularly in the context of the outbreak of COVID-19; (8) all required permits, licenses and authorizations being obtained from the relevant
              governments and other relevant stakeholders within the expected timelines and the absence of material negative comments during the applicable regulatory processes; (9) there being no cases of COVID-19 in the Company&#8217;s workforce at either the
              Rainy River or New Afton Mine and the assumption that no additional members of the workforce are expected to be required to self-isolate due to cross-border travel to the United States or any other country; (10) the responses of the relevant
              governments to the COVID-19 outbreak being sufficient to contain the impact of the COVID-19 outbreak; (11) there being no material disruption to the Company&#8217;s supply chains and workforce that would interfere with the Company&#8217;s anticipated
              course of action at the Rainy River mine and the systematic ramp-up of operations; and (12) the long-term economic effects of the COVID-19 outbreak not having a material adverse impact on the Company&#8217;s operations or liquidity position. </p>
            <p> Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or
              achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements and the availability and management of capital resources;
              additional funding requirements; price volatility in the spot and forward markets for metals and other commodities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States
              and, to a lesser extent, Mexico; discrepancies between actual and estimated production, between actual and estimated mineral reserves and mineral resources and between actual and estimated metallurgical recoveries; risks related to early
              production at the Rainy River Mine, including failure of equipment, machinery, the process circuit or other processes to perform as designed or intended; fluctuation in treatment and refining charges; changes in national and local government
              legislation in Canada, the United States and, to a lesser extent, Mexico or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the
              countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits
              and complying with the permitting requirements of each jurisdiction in which New Gold operates, the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other
              factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges New Gold is or may become a party to; diminishing quantities or grades of mineral reserves and mineral resources;
              competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies; changes in project parameters as
              plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous
              groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements; there being cases of COVID-19 in the Company&#8217;s
              workforce at either the Rainy River or New Afton Mine, or both; the Company&#8217;s workforce at either the Rainy River Mine or the New Afton Mine, or both, being required to self-isolate due to cross-border travel to the United States or any other
              country; the responses of the relevant governments to the COVID-19 outbreak not being sufficient to contain the impact of the COVID-19 outbreak; disruptions to the Company&#8217;s supply chain and workforce due to the COVID-19 outbreak; an economic
              recession or downturn as a result of the COVID-19 outbreak that materially adversely affects the Company&#8217;s operations or liquidity position; difficulties in the gradual ramp-up of operations at the Rainy River Mine due to various factors,
              including lack of availability of manpower or equipment. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents,
              unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses and risks associated with the ramp-up of production of a mine, such as Rainy River, (and the risk of inadequate insurance or inability to obtain insurance
              to cover these risks) as well as &#8220;Risk Factors&#8221; included in New Gold&#8217;s Annual Information Form, MD&amp;A and other disclosure documents filed on and available at www.sedar.com and on EDGAR at www.sec.gov. Forward-looking statements are not
              guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary
              statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. </p>
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            <p> <b>Technical Information</b> </p>
            <p> The scientific and technical information contained herein has been reviewed and approved by Eric Vinet, Vice President, Technical Services of New Gold. Mr. Vinet is a Professional Engineer and member of the Ordre des ing&#233;nieurs du Qu&#233;bec.
              He is a "Qualified Person" for the purposes of National Instrument 43-101 &#8211; Standards of Disclosure for Mineral Projects (&#8220;NI 43-101&#8221;). </p>
            <p> <b>Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Mineral Resources</b> </p>
            <p> This news release was prepared in accordance with Canadian standards for reporting of mineral resource estimates, which differ in some respects from United States standards. In particular, and without limiting the generality of the
              foregoing, the terms &#8220;inferred mineral resources,&#8221; &#8220;indicated mineral resources,&#8221; &#8220;measured mineral resources&#8221; and &#8220;mineral resources&#8221; used or referenced in this news release are Canadian mineral disclosure terms as defined in accordance with
              NI 43-101 under the guidelines set out in the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Standards for Mineral Resources and Mineral Reserves, Definitions and Guidelines, May 2014 (the &#8220;CIM Standards&#8221;). Until recently, the
              CIM Standards differed significantly from standards in the United States. The U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for
              issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;). These amendments became effective February 25, 2019 (the &#8220;SEC Modernization Rules&#8221;) with compliance required
              for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which will be rescinded
              from and after the required compliance date of the SEC Modernization Rules. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of &#8220;measured mineral resources&#8221;, &#8220;indicated mineral resources&#8221; and
              &#8220;inferred mineral resources&#8221;. In addition, the SEC has amended its definitions of &#8220;proven mineral reserves&#8221; and &#8220;probable mineral reserves&#8221; to be &#8220;substantially similar&#8221; to the corresponding definitions under the CIM Standards, as required
              under NI 43-101. Accordingly, during this period leading up to the compliance date of the SEC Modernization Rules, information regarding mineral resources or mineral reserves contained or referenced in this news release may not be comparable
              to similar information made public by United States companies. Readers are cautioned that &#8220;inferred mineral resources&#8221; have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.
              It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic
              studies, except in limited circumstances. The term &#8220;resource&#8221; does not equate to the term &#8220;reserves&#8221;. Readers should not assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves.
              Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. </p>
            <p> <b>Non-GAAP Financial Performance Measures </b> </p>
            <p> All-in sustaining costs (AISC) per gold eq. ounce, total cash costs per gold eq. ounce, sustaining capital, sustaining lease and growth capital, Adjusted net earnings/(loss), operating cash flows generated from operations, before changes in
              non-cash operating working capital and average realized price are non-GAAP financial measures that do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not
              be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an
              improved ability to evaluate the underlying performance of the Company. In addition, certain non-GAAP measures are utilized, along with other measures, in the Company scorecard to set incentive compensation goals and assess performance of its
              executives. </p>
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            <p> <i>All-In Sustaining Costs per Gold eq. Ounce</i> </p>
            <p> "All-in sustaining costs per gold eq. ounce&#8221; is a non-GAAP financial measure. Consistent with guidance announced in 2013 by the World Gold Council, an association of various gold mining companies from around the world New Gold defines
              "all-in sustaining costs" per ounce as the sum of total cash costs, capital expenditures that are sustaining in nature, corporate general and administrative costs, capitalized and expensed exploration that is sustaining in nature, lease
              payments that are sustaining in nature, and environmental reclamation costs, all divided by the ounces of gold eq. sold to arrive at a per ounce figure. </p>
            <p> In addition to gold the Company produces copper and silver. Gold eq. ounces of copper and silver produced or sold in a quarter are computed by calculating the ratio of the average spot market copper and silver prices to the average spot
              market gold price in a quarter and multiplying this ratio by the pounds of copper and silver ounces produced or sold during that quarter. Gold eq. ounces produced or sold in a period longer than one quarter are calculated by adding the number
              of gold eq. ounces in each quarter of that period. In 2020 the Company will report gold eq. ounces using a consistent ratio. Notwithstanding the impact of copper and silver sales, as a Company focused on gold production, New Gold aims to
              assess the economic results of its operations in relation to gold, which is the primary driver of New Gold&#8217;s business. </p>
            <p> New Gold believes this non-GAAP financial measure provides further transparency into costs associated with producing gold and assists analysts, investors and other stakeholders of the Company in assessing the Company's operating
              performance, its ability to generate free cash flow from current operations and its overall value. This data is furnished to provide additional information and is a non-GAAP financial measure. All-in sustaining costs presented do not have a
              standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is
              not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS. </p>
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            <p> <i>Sustaining Capital and Sustaining Lease</i> </p>
            <p> "Sustaining capital" is a non-GAAP financial measure as well as &#8220;sustaining lease&#8221;. New Gold defines sustaining capital as net capital expenditures that are intended to maintain operation of its gold producing assets. A sustaining lease is
              similarly a capital lease payment that is sustaining in nature. To determine sustaining capital expenditures, New Gold uses cash flow related to mining interests from its statement of cash flows and deducts any expenditures that are
              non-sustaining or growth capital. Management uses sustaining capital and other sustaining costs, to understand the aggregate net result of the drivers of all-in sustaining costs other than total cash costs. Sustaining capital and sustaining
              lease are intended to provide additional information only, does not have any standardized meaning under IFRS, and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation or as a
              substitute for measures of performance prepared in accordance with IFRS. </p>
            <p> <i>Growth Capital </i> </p>
            <p> "Growth capital" is a non-GAAP financial measure. New Gold terms non-sustaining capital costs to be &#8220;growth capital&#8221;, which are capital expenditures to develop new operations or capital expenditures related to major projects at existing
              operations where these projects will materially increase production. To determine growth capital expenditures, New Gold uses cash flow related to mining interests from its statement of cash flows and deducts any expenditures that are
              sustaining capital. Growth capital is intended to provide additional information only, does not have any standardized meaning under IFRS, and may not be comparable to similar measures presented by other mining companies. It should not be
              considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. </p>
            <p> <i>Total Cash Costs </i><i>per Gold eq. Ounce</i> </p>
            <p> "Total cash costs per gold eq. ounce" is a non-GAAP financial measure which is calculated in accordance with a standard developed by The Gold Institute, a worldwide association of suppliers of gold and gold products that ceased operations
              in 2002. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. New Gold reports total cash costs on a sales basis. The Company believes that certain
              investors use this information to evaluate the Company's performance and ability to generate liquidity through operating cash flow to fund future capital expenditures and working capital needs. This measure, along with sales, is considered to
              be a key indicator of the Company's ability to generate operating earnings and cash flow from its mining operations. Total cash costs include mine site operating costs such as mining, processing and administration costs, royalties, production
              taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs per gold eq. ounce are divided by gold eq. ounces sold to arrive at a per ounce figure. Unless otherwise indicated, all total cash cost
              information in this news release is on a gold eq. ounce basis. Gold eq. ounces of copper and silver produced in a quarter are computed by calculating the ratio of the average spot market copper and silver prices to the average spot market
              gold price in a quarter and multiplying this ratio by the pounds of copper and silver ounces produced during that quarter. Gold eq. ounces produced in a period longer than one quarter are calculated by adding the number of gold eq. ounces in
              each quarter of that period. In 2020 the Company will report gold eq. ounces using a consistent ratio. This data is furnished to provide additional information and is a non-GAAP financial measure. Total cash costs presented do not have a
              standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is
              not necessarily indicative of cash flow from operations under IFRS or operating costs presented under GAAP. </p>
            <p> <i>Adjusted Net Earnings/(Loss) </i> </p>
            <p> "Adjusted net earnings/(loss)" and "adjusted net earnings/(loss) per share" are non-GAAP financial measures. Net earnings/(loss) have been adjusted and tax affected for the group of costs in "Other gains and losses" on the condensed
              consolidated income statement and other nonrecurring items. The adjusted entries are also impacted for tax to the extent that the underlying entries are impacted for tax in the unadjusted net earnings/(loss) from continuing operations. The
              Company uses this measure for its own internal purposes. Management's internal budgets and forecasts and public guidance do not reflect items which are included in other gains and losses. Consequently, the presentation of adjusted net
              earnings and adjusted net earnings per share enables investors and analysts to better understand the underlying operating performance of our core mining business through the eyes of management. Management periodically evaluates the components
              of adjusted net earnings and adjusted net earnings per share based on an internal assessment of performance measures that are useful for evaluating the operating performance of our business and a review of the non-GAAP measures used by mining
              industry analysts and other mining companies. Adjusted net (loss)/earnings and adjusted net (loss)/earnings per share are intended to provide additional information only and do not have any standardized meaning under IFRS and may not be
              comparable to similar measures presented by other companies. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The measures are not necessarily indicative of operating
              profit or cash flows from operations as determined under IFRS. </p>
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            <p> <i>Operating Cash Flows Generated from Operations, before Changes in Non-Cash Operating Working Capital </i> </p>
            <p> &#8220;Operating cash flows generated from operations, before changes in non-cash operating working capital&#8221; is a non-GAAP financial measure with no standard meaning under IFRS, which excludes changes in non-cash operating working capital.
              Management uses this measure to evaluate the Company&#8217;s ability to generate cash from its operations before temporary working capital changes. </p>
            <p> Operating cash flows generated from operations, before non-cash changes in working capital is intended to provide additional information only and does not have any standardized meaning under IFRS; it should not be considered in isolation or
              as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies. </p>
            <p> <i>Average Realized Price </i> </p>
            <p> "Average realized price per ounce or pound sold" is a non-GAAP financial measure with no standard meaning under IFRS. Management uses this measure to better understand the price realized in each reporting period for gold, silver, and copper
              sales. Average realized price is intended to provide additional information only and does not have any standardized definition under IFRS; it should not be considered in isolation or as a substitute for measures of performance prepared in
              accordance with IFRS. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies. </p>
            <p> For additional information with respect to the non-GAAP measures used by the Company, including reconciliation to the nearest IFRS measures, refer to the detailed non-GAAP performance measure disclosure in the Management&#8217;s Discussion and
              Analysis for the three months ended March 31, 2020 filed at www.sedar.com and on EDGAR at www.sec.gov. </p>
          </div>
          <div class="bw-release-contact">
            <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
            <p> <b>Anne Day </b><br>
              Vice President, Investor Relations <br>
              Direct: +1 (416) 324-6003 <br>
              Email: anne.day@newgold.com </p>
          </div>
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