<SEC-DOCUMENT>0000800166-22-000030.txt : 20221103
<SEC-HEADER>0000800166-22-000030.hdr.sgml : 20221103
<ACCEPTANCE-DATETIME>20221103162629
ACCESSION NUMBER:		0000800166-22-000030
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20220930
FILED AS OF DATE:		20221103
DATE AS OF CHANGE:		20221103

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:		221358446

	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>ngd6k-september302022confo.htm
<DESCRIPTION>6-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="i34bef154b9874c5f99a9f0294b325e29_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div style="-sec-extract:summary"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Washington, D.C. 20549</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;<br>&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Form 6-K</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">For the month of November 2022.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commission File Number 001-31722</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font><img alt="image_0.jpg" src="image_0.jpg" style="height:66px;margin-bottom:5pt;vertical-align:text-bottom;width:221px"></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:100%">New Gold Inc.</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Suite 3320 &#8211; 181 Bay Street</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Toronto, Ontario M5J 2T3</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canada</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of principal executive office)</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Form 20-F </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#9744;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;Form 40-F </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#9746;</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">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)&#58; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#9744;</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">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)&#58; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#9744;</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">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.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">DOCUMENTS FILED AS PART OF THIS FORM 6-K</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.888%"><tr><td style="width:1.0%"></td><td style="width:12.093%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:80.163%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Description</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.1</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ngdq32022financialstatemen.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Financial Statements for the three </a><a href="ngdq32022financialstatemen.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">and nine months </a><a href="ngdq32022financialstatemen.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">ended </a><a href="ngdq32022financialstatemen.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">September 3</a><a href="ngdq32022financialstatemen.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">0, 2022</a></font></div></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ngdq32022mda.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Management Discussion and Analysis for the three </a><a href="ngdq32022mda.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">and nine </a><a href="ngdq32022mda.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">m</a><a href="ngdq32022mda.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">onths ended </a><a href="ngdq32022mda.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">September </a><a href="ngdq32022mda.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">30, 2022</a></font></div></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ceoq3interimfilingconformed.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">CEO Certification of Interim Filings &#8211; Full Certificate</a></font></div></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="cfoq3interimfilingconformed.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">CFO Certification of Interim Filings &#8211; Full Certificate</a></font></div></td></tr></table></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SIGNATURES</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">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.</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.015%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.043%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NEW GOLD INC.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"><br>&#47;s&#47; Sean Keating</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58;&#160;November 2, 2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="6" style="border-top:1.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sean Keating</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vice President, General Counsel and Corporate Secretary</font></div></td></tr></table></div><div style="margin-bottom:12pt;text-indent:0.72pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ngdq32022financialstatemen.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_1"></div><div style="min-height:0pt;width:100%"><div><font><br></font></div></div><div><img alt="fscoversheet-2022q3001.jpg" src="fscoversheet-2022q3001.jpg" style="height:1055px;margin-bottom:5pt;vertical-align:text-bottom;width:816px"></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.076%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3997f;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#003f6b;font-family:'Arial',sans-serif;font-size:16pt;font-weight:400;line-height:100%">Contents</font></td></tr></table></div><div style="margin-bottom:4pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.076%"><tr><td style="width:1.0%"></td><td style="width:92.854%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.946%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%">CONDENSED <a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_7" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:none">CONSOLIDATED INCOME STATEMENTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_7" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%;text-decoration:none">2</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%">CONDENSED <a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_10" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:none">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_10" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%;text-decoration:none">3</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%">CONDENSED <a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_13" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:none">CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_13" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%;text-decoration:none">4</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%">CONDENSED <a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_16" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:none">CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_16" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%;text-decoration:none">5</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%">CONDENSED <a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_19" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:none">CONSOLIDATED STATEMENTS OF CASH FLOW</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_19" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%;text-decoration:none">6</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_22" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:none">NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_22" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:156%;text-decoration:none">7</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_25" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">1. Description of business and nature of operations</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_25" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">7</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_28" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">2. Basis of preparation and significant accounting policies</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_28" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">7</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">3<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_31" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Expenses</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_31" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">8</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">4<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_34" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Trade and other receivables</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_34" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">10</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">5<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_34" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. I</a>nvestments</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_37" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">10</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">6<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_40" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Trade and other payables</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_40" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">10</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">7<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_43" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Inventories</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_43" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">11</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">8<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_46" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Mining interests</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_46" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">12</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">9<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_49" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Long-term debt</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_49" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">14</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">10<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_52" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. </a>Non-current derivative financial liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_52" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">16</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_55" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">11. Leases</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_55" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">18</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_58" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">12. Derivative instruments</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_58" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">19</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_61" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">13. Reclamation and closure cost obligations</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_61" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">21</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_64" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">14. Share capital</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_64" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">22</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_67" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">15. Income and mining taxes</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_67" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">25</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_70" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">16. Supplemental cash flow information</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_70" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">25</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_73" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">17. Segmented information</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_73" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">26</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">18<a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_76" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">. Fair value measurement</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_76" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">29</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%">19. Commitments</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"><a href="#i4c9fe37ad0334ea1986b5ecbb7f9c722_79" style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%;text-decoration:none">32</a></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">1                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:15pt;font-weight:400;line-height:140%">CONDENSED CONSOLIDATED INCOME STATEMENTS</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.079%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.669%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.166%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(Unaudited - in millions of U.S. dollars, except per share amounts)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">151.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179.8&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">441.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">542.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">99.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">144.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.2)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payment expenses</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exploration and business development</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) income from operations</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11.0)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.7)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance income</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(23.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other losses</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(32.0)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(33.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(66.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) income before taxes</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(15.9)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.9)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(59.7)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax recovery (expense)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net loss</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net loss per share</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.07)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.07)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Weighted average number of shares outstanding (in millions)</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">682.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">681.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Diluted</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">682.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.8&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">681.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.7&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt;padding-left:9.35pt;text-align:justify;text-indent:-9.35pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">See accompanying notes to the condensed consolidated financial statements. </font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:15pt;font-weight:400;line-height:140%">CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.660%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(Unaudited - in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net loss</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Other comprehensive income</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain on revaluation of non-current derivative <br>financial liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">44.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">130.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred income tax related to non-current derivative financial liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(16.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(16.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total other comprehensive income</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">28.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">114.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total comprehensive income</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9.0&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">64.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">37.2&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt;padding-left:9.35pt;text-align:justify;text-indent:-9.35pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">See accompanying notes to the condensed consolidated financial statements.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_13"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:15pt;font-weight:400;line-height:140%">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.605%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.669%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.164%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>December 31</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(Unaudited - in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">ASSETS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Current assets</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">481.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other receivables</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">101.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">101.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current income tax receivable</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investments </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prepaid expenses and other</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total current assets</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">401.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">686.3&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mining interests</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,850.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,787.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total assets</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,476.8&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">LIABILITIES AND EQUITY</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Current liabilities</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">178.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">172.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current income tax payable</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total current liabilities</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">178.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">172.9&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation and closure cost obligations</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13</font></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">105.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">154.6&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current derivative financial liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">473.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">618.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Long-term debt</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">491.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">71.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">69.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lease obligations</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other liabilities</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total liabilities</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,231.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,520.9&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Equity</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Common shares</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,157.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,155.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Contributed surplus</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">108.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">107.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other reserves</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(93.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deficit</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2,263.9)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,214.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total equity</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,023.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">955.9&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total liabilities and equity</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,476.8&#160;</font></td><td style="border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:6pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">See accompanying notes to the condensed consolidated financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">4                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_16"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:15pt;font-weight:400;line-height:140%">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.605%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.669%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.164%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(Unaudited - in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">COMMON SHARES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, beginning of period</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,155.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,154.0</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Issuance of common shares under First Nations agreements</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exercise of options and vested performance share units</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, end of period</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,157.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,155.0&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CONTRIBUTED SURPLUS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, beginning of period</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">107.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">106.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exercise of options and vested performance share units</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.1)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Equity settled share-based payments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.3</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, end of period</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">108.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">107.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OTHER RESERVES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, beginning of period</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(93.0)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(116.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain on revaluation of non-current derivative financial liabilities (net of tax)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">114.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, end of period</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(69.3)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">DEFICIT</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, beginning of period</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2,214.0)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,354.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance, end of period</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2,263.9)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,364.9)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total equity</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,023.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">828.2&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">See accompanying notes to the condensed consolidated financial statements.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">5                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:15pt;font-weight:400;line-height:140%">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.076%"><tr><td style="width:1.0%"></td><td style="width:36.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.442%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.444%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(Unaudited - in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OPERATING ACTIVITIES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net loss</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Adjustments for&#58;</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#E5F8FC;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign exchange gain</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(6.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instrument transaction costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other non-cash adjustments</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">43.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">68.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax expense</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11.7)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(9.8)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance income</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.1)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation and closure costs paid</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#dcf8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.9)</font></td><td style="background-color:#dcf8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">43.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81.9&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">138.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in non-cash operating working capital</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">10.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(27.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income taxes recovered (paid)</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.7)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash generated from operations</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54.3&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">158.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218.0&#160;</font></td><td style="border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">INVESTING ACTIVITIES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mining interests</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(69.9)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(55.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(221.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(189.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Blackwater stream transaction costs paid</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from sale of Blackwater</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tax refunds collected from Mesquite sale</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">12.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">12.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from sale of other assets</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investment  and other financial instrument  acquisitions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.1)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(34.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest received</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash used by investing activities</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(55.3)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(212.5)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(183.5)</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCING ACTIVITIES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayment of long-term debt and premium paid</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(101.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds received from issuance of shares</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lease payments</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.6)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.7)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash settlement of non-current derivative financial liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.4)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.7)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(25.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest paid</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(17.2)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15.7)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(36.6)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(37.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash used by financing activities</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(25.2)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(25.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(175.7)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(70.8)</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Effect of exchange rate changes on cash and cash equivalents</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.4)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.2)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change in cash and cash equivalents</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.2)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(234.5)</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35.4)</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents, beginning of period</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">277.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">138.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">481.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">186.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash and cash equivalents, end of period</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Cash and cash equivalents are comprised of&#58;</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"></td><td colspan="3" style="background-color:#E5F8FC;border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #AE9655;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">179.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">179.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Short-term money market instruments</font></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">67.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">67.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #AE9655;border-top:1pt solid #AE9655;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">6                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_22"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:15pt;font-weight:400;line-height:140%">NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:140%">For the three and nine months ended September 30, 2022</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:140%">(Amounts expressed in millions of U.S. dollars, except per share amounts and unless otherwise noted)</font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_25"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">1. Description of business and nature of operations</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Gold Inc. (&#8220;New Gold&#8221; or the &#8220;Company&#8221;) is an intermediate gold mining company engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (&#8220;Rainy River&#8221;), the New Afton Mine in Canada (&#8220;New Afton&#8221;), and the Cerro San Pedro Mine in Mexico (in reclamation) (&#8220;Cerro San Pedro&#8221; or &#34;CSP&#34;). The Company also holds approximately a 4% equity stake in Artemis Gold Inc. and other Canadian-focused investments.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is a corporation governed by the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Business Corporations Act</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> (British Columbia). The Company&#8217;s shares are listed on the Toronto Stock Exchange and the NYSE American under the symbol NGD. The Company&#8217;s registered office is located at 925 West Georgia Street, Suite 1600, Vancouver, British Columbia, V6C 3L2, Canada. </font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_28"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">2. Basis of preparation and significant accounting policies</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">(a) Statement of compliance</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (&#8220;IAS&#8221;) 34, Interim Financial Reporting, as issued by the International Accounting Standards Board on a basis consistent with the accounting policies disclosed in the Company&#8217;s audited consolidated financial statements for the year ended December 31, 2021.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These unaudited condensed consolidated interim financial statements should be read in conjunction with the Company&#8217;s audited consolidated financial statements for the year ended December 31, 2021 which includes information necessary or useful to understanding the Company's business and financial statement presentation. In particular, the Company's significant accounting policies are presented as Note 2 in the audited consolidated financial statements for the year ended December 31, 2021 and have been consistently applied in the preparation of these unaudited condensed consolidated interim financial statements. These unaudited co</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ndensed consolidated interim financial statements were approved by the Board of Directors of the Company </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">on November 2, 2022. </font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">7                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_31"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">3. Expenses</font></div><div style="margin-bottom:6pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(a) Operating expenses by nature</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.771%"><tr><td style="width:1.0%"></td><td style="width:38.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.210%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.244%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OPERATING EXPENSES BY NATURE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Raw materials and consumables</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">44.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">136.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">116.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Salaries and employee benefits</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">33.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">108.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">106.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Contractors</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">19.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">59.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repairs and maintenance</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">36.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">General and administrative</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">27.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leases</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Royalties</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Drilling and analytical</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total production expenses</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">127.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">113.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">393.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">352.6&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less&#58; Production expenses capitalized</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(35.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15.7)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(123.9)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(70.4)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Add&#58; Change in inventories</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.7)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">99.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277.7&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(b) Finance costs and income</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.424%"><tr><td style="width:1.0%"></td><td style="width:38.626%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.797%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.797%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.139%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.141%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCE COSTS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest on senior unsecured notes</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accretion</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on repayment of long-term debt (Note 9)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other finance costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total finance costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">10.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">36.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.1&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less&#58; amounts included in cost of qualifying assets</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.0)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.3)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13.6)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.2)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total finance costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.7&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCE INCOME</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest income</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">8                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:6pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%"> (c) Other gains and (losses)</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.751%"><tr><td style="width:1.0%"></td><td style="width:38.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.087%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.089%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OTHER (LOSSES)  AND GAINS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain on foreign exchange</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain (loss) on disposal of assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on revaluation of investments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized gain (loss) on revaluation of non-current derivative financial liabilities </font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(21.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(36.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on revaluation of copper price option contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) gain on foreign exchange derivative</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(8.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revaluation of CSP's reclamation and closure cost obligation</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instrument transaction costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flow through share premium</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total other losses</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.0)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(32.0)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(33.0)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(66.1)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Flow through share premium recognized in income when the Company renounced the related tax benefits of the 2020 flow through share issuance.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">9                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_34"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:12pt"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">4. Trade and other receivables</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:69.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.420%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at </font></div><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">December 31</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">TRADE AND OTHER RECEIVABLES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade receivables</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sales tax receivable</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unsettled provisionally priced concentrate derivatives and swap contracts (Note 12)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds due from sale of Mesquite</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total trade and other receivables</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:13.22pt">During September 2022, the Company collected the $12.8 million receivable for outstanding income tax refunds at Mesquite.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_37"></div><div style="margin-top:12pt"><font style="background-color:#ffffff;color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">5. Investments</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:69.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.420%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at </font></div><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">December 31</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">MARKETABLE EQUITY SECURITIES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Artemis Gold Inc.</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Talisker Resources Ltd.</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other marketable securities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total marketable equity securities</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other investments</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total investments</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59.5&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Other investments includes restricted units and investments in private entities.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_40"></div><div style="margin-bottom:4pt;margin-top:12pt"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">6. Trade and other payables</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:69.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at </font></div><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">December 31</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">TRADE AND OTHER PAYABLES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade payables</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">65.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest payable</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accruals</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">65.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current portion of reclamation and closure cost obligations (Note 13)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">10.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current portion of gold stream obligation (Note 10)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current portion of New Afton free cash flow interest obligation (Note 10)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current portion of derivative liabilities (Note 12)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total trade and other payables</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">178.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">172.9&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">10                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_43"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:6pt"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">7. Inventories</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:69.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at </font></div><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">December 31</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">INVENTORIES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Stockpile ore</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Work-in-process</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Finished goods</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">15.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Supplies</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">61.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total current inventories</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">101.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">101.0&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">The amount of inventories recognized in operating expenses for the three and nine months ended September 30, 2022 was $96.1 million and $264.9 million (2021 - $85.2 million and $267.2 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">11                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_46"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">8. Mining interests</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:29.242%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.766%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.766%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.766%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.766%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.094%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#2bb7df;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mining Properties</font></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depletable</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Non- depletable</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Plant &#38; equipment</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Construction in progress</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">COST</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at December 31, 2020</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,569.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">300.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,299.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">157.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,325.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">113.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">319.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disposal of Blackwater stream</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(150.0)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(150.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disposals</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.6)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Transfers</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">63.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(97.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,745.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">261.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,362.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">118.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,487.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">68.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">77.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">39.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">210.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disposals</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(6.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Transfers</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">83.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(133.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">120.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(70.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at September 30, 2022</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,898.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">204.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,500.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">87.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,690.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">ACCUMULATED DEPRECIATION</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at December 31, 2020</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">909.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,497.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation for the year</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">207.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disposals</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,005.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">693.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,699.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation for the period</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">70.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">73.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">144.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disposals</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at September 30, 2022</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,076.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">763.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,839.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CARRYING AMOUNT</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">740.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">261.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">668.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">118.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,787.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">As at September 30, 2022</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">821.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">204.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">737.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">87.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,850.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">In December 2021 the Company disposed of it's Blackwater stream for $300.0 million resulting in a net gain of $147.3 million.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Non-depletable transfers of $133.1 million is made up of $84.8 million from the New Afton thickened and amended tailings facility and $48.3 million from the Rainy River Intrepid zone. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Carrying amount by property as at September&#160;30, 2022 </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:33.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.670%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="15" style="background-color:#2bb7df;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Depletable</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non- depletable</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Plant &#38; equipment</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Construction in progress</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">MINING INTEREST BY SITE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">New Afton </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">406.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">203.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">268.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">895.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rainy River</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">414.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">467.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">70.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">952.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Carrying amount</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">821.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">204.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">737.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">87.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,850.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Other includes corporate balances.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">12                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:3pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Carrying amount by property as at December 31, 2021&#58; </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:33.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.670%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="margin-bottom:6pt;text-align:right"><font><br></font></div></td><td colspan="15" style="background-color:#2bb7df;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Depletable</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non- depletable</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Plant &#38; equipment</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Construction in progress</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">MINING INTEREST BY SITE</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">New Afton </font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">396.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">224.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">154.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">818.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rainy River</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">343.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">513.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">74.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">966.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Carrying amount</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">740.2&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">261.0&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">668.6&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118.1&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,787.9&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Other includes corporate balances.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">13                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_49"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:8pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">9. Long-term debt</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Long-term debt consists of the following&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.164%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>December 31</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">LONG-TERM DEBT</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Senior unsecured notes - due May 15, 2025 (a)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Senior unsecured notes - due July 15, 2027 (b)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">393.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Credit Facility (c)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total long-term debt</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">491.0&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(a) Redemption of 2025 Senior Unsecured Notes</font></div><div style="margin-bottom:12pt;padding-left:0.2pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In May 2022, the Company redeemed the $100.0 million principal amount of its outstanding 2025 Unsecured Notes. The redemption was funded with cash on hand. The Company recognized a loss on repayment of long-term debt of $4.3 million, primarily comprised of the early redemption premium paid and the de-recognition of deferred financing charges associated with the 2025 Unsecured Notes.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(b) Senior Unsecured Notes - due July 15, 2027</font></div><div style="padding-left:0.2pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As at September 30, 2022, the Company has $400.0 million of senior unsecured notes outstanding that mature and become due and payable on July 15, 2027 (&#34;2027 Unsecured Notes&#34;). The 2027 Unsecured Notes are denominated in U.S. dollars and bear interest at the rate of 7.50% per annum. Interest is payable in arrears in equal semi-annual installments on January 15 and July 15 of each year.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:0.2pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The 2027 Unsecured Notes are subject to a minimum interest coverage incurrence covenant of earnings before interest, taxes, depreciation, amortization, impairment, and other non-cash adjustments to interest of 2&#58;1. The test is applied on a pro-forma basis prior to the Company incurring additional debt, entering into business combinations or acquiring significant assets, or certain other corporate actions. There are no maintenance covenants.</font></div><div style="margin-bottom:12pt;padding-left:0.2pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The 2027 Unsecured Notes are redeemable by the Company in whole or in part&#58; </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">At any time prior to July 15, 2023 at a redemption price of 100% of the aggregate principal amount of the 2027 Unsecured Notes, plus a make-whole premium (consisting of the redemption price as described below, and future interest that would have been paid up to the first call date of July 15, 2023), plus accrued and unpaid interest, if any, to the redemption date.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">During the 12-month period beginning on July 15 of the years indicated at the redemption prices below, expressed as a percentage of the principal amount of the 2027 Unsecured Notes to be redeemed, plus accrued and unpaid interest, if any, to the redemption date&#58;</font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.076%"><tr><td style="width:1.0%"></td><td style="width:71.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:83%">Date</font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Redemption prices (%)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2023</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">103.75</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2024</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">101.88</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2025 and thereafter</font></td><td colspan="3" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">100.00</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">14                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(c) Credit Facility</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company holds a revolving credit facility (the &#34;Credit Facility&#8221;) with a maturity date of December 2025 and a borrowing limit of $400.0 million. The Credit Facility contains various covenants customary for a loan facility of this nature, including limits on indebtedness, asset sales, and liens. The Credit Facility contains three covenant tests all of which are measured on a rolling four-quarter basis at the end of every quarter&#58;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">The minimum interest coverage ratio, being earnings before interest, taxes, depreciation, amortization, exploration, impairment, and other non-cash adjustments (&#8220;Adjusted EBITDA&#8221;) to interest&#59; </font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">The maximum net debt to Adjusted EBITDA ratio (&#8220;Leverage Ratio&#8221;)&#59; and </font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">The maximum gross secured debt to Adjusted EBITDA (&#8220;Secured Leverage Ratio&#8221;).</font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Significant financial covenants are as follows&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.111%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.165%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Twelve months ended September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Twelve months ended December 31</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial Covenant</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCIAL COVENANTS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Minimum interest coverage ratio (Adjusted EBITDA to interest)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#62;3.0&#58;1.0</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:83%">5.4 &#58; 1</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.2 &#58; 1</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Maximum leverage ratio (net debt to Adjusted EBITDA)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#60;4.5&#58;1.0</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:83%">1.4 &#58; 1</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6 &#58; 1</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Maximum secured leverage ratio (secured debt to Adjusted EBITDA)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#60;2.0&#58;1.0</font></td><td colspan="3" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2 &#58; 1</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1 &#58; 1</font></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The interest margin on drawings under the Credit Facility ranges from 1.25% to 3.75% over LIBOR, the Prime Rate or the Base Rate based on the Company&#8217;s Leverage Ratio, and the currency and type of credit selected by the Company. Based on the Company&#8217;s Leverage Ratio, the rate is 2.50% over LIBOR as at September 30, 2022 (December 31, 2021 &#8211; 2.25%). The standby fees on undrawn amounts under the Credit Facility range from 0.51% to 0.84%, depending on the Company&#8217;s Leverage Ratio. Based on the Company&#8217;s Leverage Ratio, the rate is 0.56% as at September 30, 2022 (December 31, 2021 &#8211; 0.51%). </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended September 30, 2022, $nil has been drawn under the Credit Facility. The Credit Facility has been used to issue letters of credit amounting to $27.2 million (December 31, 2021 - $24.1 million). Letters of credit relate to reclamation bonds, and other financial assurances required with various government agencies. </font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">15                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_52"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">10. Non-current derivative financial liabilities</font></div><div style="margin-bottom:4pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following is a summary of the change in non-current derivative financial liabilities&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.111%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.165%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CHANGE IN NON-CURRENT DERIVATIVE FINANCIAL LIABILITIES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Balance, December 31, 2020</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">217.9&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">436.1&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">654.0&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Settlements during the period</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(31.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Fair value adjustments related to changes in the Company&#8217;s own credit risk</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font><font style="color:#4f81bd;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(19.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(23.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other fair value adjustments</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font><font style="color:#4f81bd;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.9&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">56.0&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">62.9&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Balance, December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">194.0&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">467.4&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">661.4&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Less&#58; current portion</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(30.3)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(43.0)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current portion of derivative financial liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">163.7&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">454.7&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">618.4&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Balance, December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">194.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">467.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">661.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Settlements during the period</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(17.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(12.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Fair value adjustments related to changes in the Company&#8217;s own credit risk</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font><font style="color:#4f81bd;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(35.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(95.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(130.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other fair value adjustments</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font><font style="color:#4f81bd;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">17.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(20.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Balance, September&#160;30, 2022</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">157.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">339.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">497.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Less&#58; current portion</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(23.8)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(23.8)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current portion of derivative financial liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">134.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">339.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">473.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Fair value adjustments related to changes in the Company&#8217;s own credit risk are included in other comprehensive income.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Other fair value adjustments are included in the consolidated income statements.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">3.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Settlements during the period are on an accrual basis.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">4.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">The current portion of the derivative financial liabilities is included in trade and other payables on the statement of financial position. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Rainy River Gold Stream Obligation</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In 2015, the Company entered into a $175 million streaming transaction with RGLD Gold AG, a wholly owned subsidiary of Royal Gold Inc. (&#8220;Royal Gold&#8221;). Under the terms of the agreement, the Company will deliver to Royal Gold 6.5% of gold production from Rainy River up to a total of 230,000 ounces of gold and then 3.25% of the mine&#8217;s gold production thereafter. The Company will also deliver to Royal Gold 60% of the mine&#8217;s silver production to a maximum of 3.1&#160;million ounces and then 30% of silver production thereafter. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In addition to the upfront $175.0 million deposit, Royal Gold will pay 25% of the average spot gold or silver price at the time each ounce of gold or silver is delivered under the stream. The difference between the spot price of metal and the cash received from Royal Gold will reduce the $175.0 million deposit over the life of the mine. Upon expiry of the 40 year term of the agreement (which may be extended in certain circumstances), any balance of the $175.0 million upfront deposit remaining unpaid will be refunded to Royal Gold.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has designated the gold stream obligation as a financial liability at fair value through profit or loss (&#8220;FVTPL&#8221;) under the scope of IFRS 9. Accordingly, the Company values the liability at the present value of its expected future cash flows at each reporting period with changes in fair value reflected in the consolidated income statements and consolidated statements of comprehensive income.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">16                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Fair value adjustments represent the net effect on the gold stream obligation of changes in the variables included in the Company&#8217;s valuation model between the date of receipt of deposit and the reporting date. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">New Afton Free Cash Flow Interest Obligation </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In 2020, New Gold entered into a strategic partnership with Ontario Teachers&#8217; Pension Plan (&#8220;Ontario Teachers&#8217;&#8221;). </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Under the terms of the strategic partnership, Ontario Teachers' acquired a 46% free cash flow interest in the New Afton mine for upfront cash proceeds of $300 million. Ontario Teachers' has an option to convert the free cash flow interest into a 46% joint venture interest in New Afton in the fourth year, or have their free cash flow interest remain as a free cash flow interest at a reduced rate of 42.5%. </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The agreement includes a minimum cash guarantee at the end of four years and a buyback option for New Gold.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has designated the free cash flow interest obligation as an FVTPL under the scope of IFRS 9. Fair value of the free cash flow interest obligation on initial recognition was determined by the amount of the cash advance received. Subsequent fair value is calculated on each reporting date with gains and losses recorded in net earnings. Fair value adjustments as a result of the Company&#8217;s own credit risk are recorded in the consolidated statement of comprehensive income, as required by IFRS 9 for financial liabilities designated as at FVTPL.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Components of the adjustment to fair value for the non-current derivative financial liabilities at each reporting date include&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.624%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:71.176%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:115%">Financial instrument</font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#ffffff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:115%">Components of the adjustment to fair value</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rainy River gold stream obligation</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Accretion expense due to passage of time </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in the risk-free interest rate </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in the Company specific credit spread </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in any expected ounces to be delivered </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in future metal prices </font></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">New Afton free cash flow interest obligation</font></td><td colspan="3" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Accretion expense due to passage of time </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in the risk-free interest rate </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in the Company specific credit spread </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in any expected ounces to be delivered </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in future metal prices </font></div><div style="padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:33.42pt">Change in production profile, operating and capital costs at New Afton, including &#160;&#160;&#160;&#160;considerations to the minimum cash guarantee over the first four years of the instrument</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">17                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_55"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">11. Leases</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(a) Right-of-use assets</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company leases assets such as buildings, mobile equipment, and machinery. These assets are included in Mining Interests on the statement of financial position and are classified as plant &#38; equipment as per Note 8 of the Company&#8217;s condensed consolidated financial statements.</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.358%"><tr><td style="width:1.0%"></td><td style="width:70.996%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.254%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.450%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at<br>December 31</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">RIGHT-OF-USE- ASSETS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Opening balance</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Disposals</font><font style="color:#4f81bd;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total right-of-use-assets</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">26.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32.0&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(b) Lease liabilities</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Please see below for a maturity analysis of the Company&#8217;s lease payments&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.374%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.164%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at<br>December 31</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">MATURITY ANALYSIS FOR LEASES</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less than 1 year</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.5&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Between 1 and 3 years</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.3&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Between 3 and 5 years</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total undiscounted lease payments</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">12.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Carrying value of lease liabilities</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">12.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">20.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Less&#58; current portion of lease liabilities</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(8.6)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(9.6)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current portion of lease liabilities</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">10.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Total undiscounted lease payments excludes leases that are classified as short term and leases for low value assets, which are not recognized as lease liabilities.</font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">The current portion of the lease liabilities is included in trade and other payables on the statement of financial position. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September&#160;30, 2022, the Company recognized $0.2 million and $0.6 million, respectively, in interest expense on lease liabilities (2021 - $0.2 million and $0.8 million).</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September&#160;30, 2022, the Company expensed $0.6 million and $1.7 million, respectively, related to leases that are classified as short term (2021 - $0.9 million and $1.6 million).</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">18                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_58"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt"><font style="background-color:#ffffff;color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">12. Derivative instruments</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.002%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.164%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">As at </font></div><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">December 31</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">DERIVATIVE ASSETS (LIABILITIES)</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Foreign exchange forward contracts</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(6.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Unsettled provisionally priced concentrate derivatives, and swap contracts</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total derivative (liabilities) assets</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.2)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Foreign exchange forward contracts are included within trade and other payables in the statement of financial position.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Unsettled provisionally priced concentrate derivatives are included within trade and other receivables in the statement of financial position.</font></div><div style="text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(a)&#160;&#160;&#160;&#160;Provisionally priced contracts</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company had provisionally priced sales for which price finalization is outstanding at September&#160;30, 2022. Realized and unrealized gains (losses) on the provisional pricing of concentrate sales are classified as revenue, with the unsettled provisionally priced concentrate derivatives included in trade and other receivables. The Company enters into gold and copper swap contracts to reduce exposure to gold and copper prices. Realized and unrealized gains (losses) are recorded in revenue, with the unsettled gold and copper swaps included in trade and other receivables.</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following tables summarize the realized and unrealized gains (losses) on provisionally priced sales&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:36.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.351%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2022</font></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">GAIN (LOSS) ON THE PROVISIONAL <br>PRICING OF CONCENTRATE SALES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Realized</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total (loss) gain</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.1)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.7)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.8)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:36.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.351%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2021</font></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">GAIN  (LOSS) ON THE PROVISIONAL <br>PRICING OF CONCENTRATE SALES</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Realized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total (loss) gain</font></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.2)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.3)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.1&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.5&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:8pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following tables summarize the realized and unrealized gains (losses) on gold and copper swap contracts&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:36.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.351%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2022</font></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">GAIN (LOSS) ON SWAP CONTRACTS</font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Realized</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(6.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total gain (loss)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.0)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.8)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.8)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">19                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:36.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.351%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2021</font></td><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">GAIN (LOSS) ON SWAP CONTRACTS</font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Realized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total gain (loss)</font></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.8)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.4)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table summarizes the net exposure to the impact of movements in market commodity prices for provisionally priced sales&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.164%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>December 31</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">VOLUMES SUBJECT TO FINAL PRICING NET OF OUTSTANDING SWAPS</font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ounces (000s)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper pounds (millions)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(b) Foreign exchange forward contracts</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company entered into foreign exchange forward contracts in order to hedge operating costs at the New Afton and Rainy River mines. These contracts are treated as derivative financial instruments and marked-to-market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses are recorded within operating expenses. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the third quarter, the Company entered into foreign exchange forward contracts hedging C$45.0&#160;million per month for the periods of October 2022 to December 2022. The Company entered into additional foreign exchange forward contracts of C$20.0&#160;million per month for the periods of January 2023 to March 2023.  As at September 30, 2022, the fair value of the unrealized foreign exchange forward contract liabilities was $6.8&#160;million.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">20                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_61"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">13. Reclamation and closure cost obligations </font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Changes to the reclamation and closure cost obligations are as follows&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.188%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="margin-bottom:6pt;text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Rainy<br>River</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cerro San<br>Pedro</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="15" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CHANGES TO RECLAMATION AND <br>CLOSURE COST OBLIGATIONS</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance &#8211; December 31, 2020</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">119.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation expenditures</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unwinding of discount</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revisions to expected cash flows</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign exchange movement</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance &#8211; December 31, 2021</font></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">109.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">160.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less&#58; current portion of closure costs (Note 6)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current portion of closure costs</font></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">154.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance &#8211; December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">109.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">49.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">160.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unwinding of discount</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revisions to expected cash flows</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(20.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(33.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign exchange movement</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(6.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(9.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance &#8211;September&#160;30, 2022</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">82.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">116.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less&#58; current portion of closure costs (Note 6)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(9.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.8)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(10.5)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current portion of closure costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">72.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">105.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Significant reclamation and closure activities include land rehabilitation, demolition of buildings and mine facilities, ongoing monitoring, and other costs. The decrease in the reclamation and closure costs obligation was primarily driven by higher discount rates applied to the liabilities which was 3.1% as at September 30, 2022 (Dec 31, 2021 - 1.7%).</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">21                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_64"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">14. Share capital</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">At September&#160;30, 2022, the Company had an unlimited number of authorized common shares, of which 682.3 million common shares were issued and outstanding. </font></div><div style="margin-bottom:3pt;margin-top:3pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:140%">(a) No par value common shares issued</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.484%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Number of shares</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Value of shares</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(000s)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">NO PAR VALUE COMMON SHARES ISSUED</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance at December 31, 2020</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680,250&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,154.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Issuance of common shares</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">250&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exercise of options and vested performance share units</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">646&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance at December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">681,146</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,155.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Issuance of common shares under First Nations agreements</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">375</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exercise of options and vested performance share units</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">755</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance at September&#160;30, 2022</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">682,276</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,157.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:140%">(b) Share-based payment expenses</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table summarizes share-based payment expenses&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">SHARE-BASED PAYMENT EXPENSES</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stock option expense </font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Performance share unit expense</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Restricted share unit expense</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">(0.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">0.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">0.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred share unit expense</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">(1.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">(1.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shares issued under First Nations agreements</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total share-based payment expenses</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">(1.6)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1.1&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1. &#160;&#160;&#160;&#160;For the three and nine months ended September&#160;30, 2022, $(0.3) and $0.3 million of share-based expenses were recognized in operating expenses (2021 &#8211; $0.3 million and $0.5 million).</font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">22                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">(i) Stock options</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table presents changes in the Company&#8217;s stock option plan&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.297%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.202%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Number of options</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Weighted average<br>exercise price</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(000s)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">C$&#47;share</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CHANGES TO THE COMPANY'S STOCK OPTION PLAN</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance at December 31, 2020</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,835&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.59&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Granted</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,708&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.06&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exercised</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(203)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.18&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Forfeited</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(339)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.00&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Expired</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(245)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.82&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance at December 31, 2021</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5,756</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.58</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Granted</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,290</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.18</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exercised</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(755)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.17</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Forfeited</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(164)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.71</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Expired</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(68)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.97</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Balance at September&#160;30, 2022</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6,059</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.70</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">23                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:140%">(c) Earnings (loss) per share</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table sets out the calculation of earnings (loss) per share&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CALCULATION OF EARNINGS (LOSS) PER SHARE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net loss</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Basic weighted average number of shares outstanding </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(in millions) </font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">682.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">681.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Dilution of securities&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stock options</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Diluted weighted average number of shares outstanding </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(in millions)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">682.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">681.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Net loss per share&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Basic</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.07)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.07)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table lists the equity securities excluded from the calculation of diluted loss per share. All stock options are excluded from the calculation when the Company is in a net loss position.</font></div><div style="margin-bottom:12pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of units)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">EQUITY SECURITIES EXCLUDED FROM THE CALCULATION OF DILUTED EARNINGS PER SHARE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stock options</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">6.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">24                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_67"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">15. Income and mining taxes </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table outlines the composition of income tax expense between current tax and deferred tax&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:126%">CURRENT INCOME AND MINING TAX EXPENSE (RECOVERY)</font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Canada</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.7</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">DEFERRED INCOME AND MINING TAX EXPENSE (RECOVERY)</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Canada</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(12.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(12.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjustments in respect of prior year</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13.3)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.1)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:13pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total income tax (recovery) expense </font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11.7)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(9.8)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13.8&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_70"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">16. Supplemental cash flow information</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Supplemental cash flow information (included within operating activities) is as follows&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.314%"><tr><td style="width:1.0%"></td><td style="width:43.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.878%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.878%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.711%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CHANGE IN NON-CASH OPERATING WORKING CAPITAL</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other receivables</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prepaid expenses and other</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(18.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">17.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total change in non-cash operating working capital</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">10.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(27.0)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.8)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">25                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.314%"><tr><td style="width:1.0%"></td><td style="width:43.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.878%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.878%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.711%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OTHER NON-CASH ADJUSTMENTS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized loss (gain)  on revaluation of foreign exchange forward contracts </font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized loss on concentrate contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Equity settled share-based payment expense</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Gain) loss on disposal of assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on revaluation of copper price option contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized (gain) loss on revaluation of non-current derivative financial instruments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Gain) loss on revaluation of CSP&#8217;s reclamation and closure cost obligation</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventory (reversal of write-down) provision</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on revaluation of investments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">30.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flow through share premium</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total other non-cash adjustments</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.8&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">43.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">68.3&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:4pt;text-align:justify"><font><br></font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_73"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">17. Segmented information </font><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%"> </font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:140%">(a) Segment revenues and results </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company manages its reportable operating segments by operating mines. Income (loss) from operations of reportable operating segments are reviewed by the Company's chief operating decision maker to make decisions about resources to be allocated to the segments and to assess their performance. The results from operations for these reportable operating segments are summarized in the following tables&#58;</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.319%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Corporate</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OPERATING SEGMENT RESULTS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold revenues</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">95.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">117.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper revenues</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silver revenues</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">98.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">151.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">54.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">44.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">99.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">39.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.9)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.2)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payment expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exploration and business development</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income (loss) from operations</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11.6)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.9)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11.0)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:13.22pt">Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the three months ended September 30, 2022.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">26                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.319%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Corporate</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OPERATING SEGMENT RESULTS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold revenues</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">296.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">49.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">345.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper revenues</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">88.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">88.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silver revenues</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">302.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">139.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">441.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">161.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">113.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">109.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">33.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.0)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payment expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exploration and business development</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income (loss) from operations</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">29.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(18.1)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(16.7)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.7)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:13.22pt">Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the nine months ended September 30, 2022.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">27                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:8.358%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;text-indent:-22.5pt;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Corporate</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OPERATING SEGMENT RESULTS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">56.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">56.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silver revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">103.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">76.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.9&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payment expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exploration and business development</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income (loss) from operations</font></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.7&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30.6&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.5)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.8&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">evenue reported above represents revenue generated from external customers. There were no inter-segment sales in the three months ended September 30, 2021.</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:8.358%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Corporate</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">OPERATING SEGMENT RESULTS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">291.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">60.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">352.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">174.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">174.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silver revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">303.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">239.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">542.9&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">165.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">112.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">108.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">144.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">91.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payment expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exploration and business development</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income (loss) from operations</font></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28.1&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86.9&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(18.7)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96.3&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:13.22pt"> Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the nine months ended September 30, 2021.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">28                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:6pt;text-indent:18pt"><font style="color:#3f96b4;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">(b) Segmented assets and liabilities</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table presents the segmented assets and liabilities&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:20.248%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.975%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.975%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.975%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.975%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.407%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.411%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total assets</font></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total liabilities</font></td><td colspan="12" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">Capital expenditures</font><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:5.2pt;font-weight:400;line-height:150%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font></div></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at<br>December 31</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at <br>September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at<br>December 31</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">SEGMENTED ASSETS AND LIABILITIES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rainy River</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,045.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,077.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">318.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">371.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">114.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">New Afton</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">956.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">901.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">487.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">624.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">38.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">107.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">252.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">498.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">426.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">524.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total segmented assets, liabilities and capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,476.8&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,231.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,520.9&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">69.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.4&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">221.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">189.2&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:13.22pt">Capital expenditures per consolidated statement of cash flows.</font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:13.22pt">Other includes corporate balance and Cerro San Pedro.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_76"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">18. Fair value measurement</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Fair value is the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In assessing the fair value of a particular contract, the market participant would consider the credit risk of the counterparty to the contract. Consequently, when it is appropriate to do so, the Company adjusts the valuation models to incorporate a measure of credit risk. Fair value represents management's estimates of the current market value at a given point in time. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has certain financial assets and liabilities that are measured at fair value. The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (for example, interest rate and yield curves observable at commonly quoted intervals, forward pricing curves used to value currency and commodity contracts), or inputs that are derived principally from, or corroborated by, observable market data or other means. Level 3 inputs are unobservable (supported by little or no market activity). The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. There were no transfers among Levels 1, 2, and 3 during the three and </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">29                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">nine months ended September&#160;30, 2022 or the year ended December 31, 2021. The Company&#8217;s policy is to recognize transfers into and transfers out of fair value hierarchy levels as of the date of the event or change in circumstances that caused the transfer.</font></div><div style="text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Valuation methodology for Level 1 financial assets and liabilities&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Investments</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of the investments are measured based on the closing share price on the reporting date. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#3f96b4;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Valuation methodologies for Level 2 and 3 financial assets and liabilities&#58;</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Provisionally priced contracts and gold and copper swap contracts</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The fair value of the provisionally priced contracts and the gold and copper swap contracts is calculated using the mark-to-market forward prices of London Metals Exchange gold and copper based on the applicable settlement dates of the outstanding provisionally priced contracts and copper swap contracts. </font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Foreign exchange forward contracts</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The fair value of foreign exchange forward contracts is calculated using the mark-to-market method based on the difference between the forward Canadian dollar to U.S dollar foreign exchange rate and the foreign exchange rates of the contracts. </font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Gold stream obligation</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The fair value of the gold stream obligation is calculated using the risk-free interest rate derived from the U.S. Treasury rate, forward and consensus metal prices, company specific credit spread based on the yield on the Company&#8217;s 2027 Unsecured Notes, and expected gold and silver ounces to be delivered from Rainy River&#8217;s life of mine projections. </font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Free cash flow interest obligation</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The fair value of the free cash flow interest obligation is calculated using the risk-free interest rate derived from the U.S. Treasury rate, forward and consensus metal prices, company specific credit spread based on the yield on the Company&#8217;s 2027 Unsecured Notes, and expected production, operating and capital costs from New Afton&#8217;s life of mine projections, including considerations to the minimum cash guarantee over the first four years of the instrument</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:140%">. </font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table summarizes the Company&#8217;s financial assets and liabilities by category and information about financial assets and liabilities measured at fair value on a recurring basis in the statement of </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">30                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">financial position categorized by level of significance of the inputs used in making the measurements&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.829%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.553%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.556%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at September 30, 2022</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at December 31, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Category</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="margin-bottom:3pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level</font></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:3pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCIAL ASSETS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial assets at amortized cost</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">481.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other receivables</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial assets at amortized cost</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Provisionally priced contracts</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instruments at FVTPL</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold and copper swap contracts</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instruments at FVTPL</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Proceeds due from income tax refunds at Mesquite</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial assets at amortized cost</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investments</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instruments at FVTPL</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCIAL LIABILITIES</font></td><td colspan="3" style="padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Trade and other payables</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial liabilities at amortized cost</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Long-term debt</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial liabilities at amortized cost</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">491.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold stream obligation</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instruments at FVTPL</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">157.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">194.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free cash flow interest obligation</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instruments at FVTPL</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">339.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">467.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign exchange hedge contracts</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instruments at FVTPL</font></td><td colspan="3" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2</font></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Trade and other receivables exclude provisionally priced contracts, gold and copper swap contracts, and proceeds due from Mesquite.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Proceeds due from income tax refunds at Mesquite are included in trade and other receivables on the consolidated statement of financial position.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">3.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Trade and other payables exclude the short-term portions of reclamation and closure cost obligations, the gold stream obligation, and the free cash flow interest obligation.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The carrying values and fair values of the Company&#8217;s financial instruments are as follows&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:50.286%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.831%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at September 30, 2022</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at December 31, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying value</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying value</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCIAL ASSETS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">481.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">481.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other receivables</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Provisionally priced contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold and copper swap contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign exchange forward contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Proceeds due from income tax refunds at Mesquite</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">32.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#003f6b;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FINANCIAL LIABILITIES</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Trade and other payables</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Long-term debt</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">316.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">491.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">530.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold stream obligation</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">157.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">157.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">194.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">194.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free cash flow interest obligation</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">339.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">339.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">467.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">467.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Trade and other receivables exclude provisionally priced contracts, gold and copper swap contracts, and proceeds due from Mesquite.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Proceeds due from income tax refunds at Mesquite are included in trade and other receivables on the consolidated statement of financial position. The tax refunds were collected in September 2022.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%">3.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:140%;padding-left:12.17pt">Trade and other payables exclude the short-term portion of reclamation and closure cost obligation and the short-term portion of the gold stream obligation and New Afton free cash flow interest obligation.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">31                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i4c9fe37ad0334ea1986b5ecbb7f9c722_79"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:48px;margin-bottom:5pt;vertical-align:text-bottom;width:109px"><img alt="image_1.jpg" src="image_1.jpg" style="height:5px;margin-bottom:5pt;vertical-align:text-bottom;width:657px"></div><div style="text-align:justify"><font><br></font></div></div><div style="margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">19</font><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:13pt;font-weight:700;line-height:140%">. Commitments </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has entered into a number of contractual commitments for capital items relating to operations and development. At September 30, 2022, these commitments total</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">e</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">d $78.0 m</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">illion, which are expected to become due over the next 12 months. This compares to commitments of $48.3 </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">million as at December 31, 2021. Certain contractual commitments may contain cancellation clauses&#59; however, the Company discloses its commitments based on management&#8217;s expectation to fulfill the contracts.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">32                                                                                                                                                                             WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ngdq32022mda.htm
<DESCRIPTION>EX-99.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="i7554bca7c492474585f510a83f70bb11_1"></div><div style="min-height:0pt;width:100%"><div><font><br></font></div></div><div><img alt="mdacoversheet-q32022001.jpg" src="mdacoversheet-q32022001.jpg" style="height:1055px;margin-bottom:5pt;vertical-align:text-bottom;width:816px"></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS</font></div><div style="text-align:justify"><font style="color:#7f7f7f;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:140%">All dollar figures are in United States dollars and tabular dollar amounts are in millions, unless otherwise noted.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#7f7f7f;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:140%">For the three and nine months ended September 30, 2022</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following Management&#8217;s Discussion and Analysis (&#8220;MD&#38;A&#8221;) provides information that management believes is relevant to an assessment and understanding of the consolidated financial condition and results of operations of New Gold Inc. and its subsidiaries (&#8220;New Gold&#8221; or the &#8220;Company&#8221;). This MD&#38;A should be read in conjunction with New Gold&#8217;s unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2022 and 2021, and related notes, which are prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;) as issued by the International Accounting Standards Board. This MD&#38;A contains forward-looking statements that are subject to risks and uncertainties, as discussed in the &#34;Cautionary Note Regarding Forward-Looking Statements&#34; at the end of this MD&#38;A. Readers are cautioned not to place undue reliance on forward-looking statements. All dollar figures are in U.S. dollars and tabular dollar amounts are in millions, unless otherwise noted. Figures in some tables may not foot due to rounding. This MD&#38;A has been prepared as at November 2, 2022. Additional information relating to the Company, including the Company&#8217;s Annual Information Form, is available on SEDAR at www.sedar.com. </font></div><div id="i7554bca7c492474585f510a83f70bb11_7"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">OUR BUSINESS</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Gold Inc. is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (&#8220;Rainy River&#8221;) and the New Afton Mine in Canada (&#8220;New Afton&#8221;). The Company also holds an approximate</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ly 4% equity stake in Ar</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">temis Gold Inc. (&#34;Artemis&#34;), and holds other Canadian-focused investments. New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com.</font></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">ENDNOTES</font></div><div style="margin-bottom:4pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Note references throughout the document are to endnotes which can be foun</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">d on</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> page 41 of this</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">MD&#38;A.</font></div><div style="margin-bottom:4pt;text-align:justify"><font><br></font></div><div id="i7554bca7c492474585f510a83f70bb11_10"></div><div style="text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">USE OF NON-GAAP FINANCIAL PERFORMANCE METRICS</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In this MD&#38;A, we use the following non-GAAP financial performance measures&#58; &#8220;Total cash costs&#34;, &#34;all-in sustaining costs&#34; or &#34;AISC&#34;, &#34;adjusted net earnings&#47;(loss)&#34;, &#34;adjusted tax expense&#34;, &#34;sustaining capital and </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">sustaining leases</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:140%">&#8221;,</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> &#8220;growth capital&#8221;, &#8220;average realized gold&#47;copper price per ounce&#47;pound&#8221;, &#34;open pit net mining cost per operating tonne mined&#34;, &#34;underground net mining costs per operating tonne mined&#34;, &#34;processing costs per tonne processed&#34;, &#34;G&#38;A costs per tonne&#34;, &#34;cash generated from operations before changes in non-cash operating working capital&#34; and &#34;free cash flow&#34;. For a detailed description of each non-GAAP financial performance measure used in this MD&#38;A and a detailed reconciliation to the most directly comparable measures und</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">er IFRS, please refer to the &#8220;Non-GAAP Financial Performance Measures&#8221; section of this MD&#38;A starting </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">on page 26.</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> The</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> non-GAAP financial performance measures in this MD&#38;A are intended to provide additional information to investors and do not have any standardized meaning under IFRS. These measures may therefore not be comparable to similar measures presented by other issuers and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. </font></div><div id="i7554bca7c492474585f510a83f70bb11_13"></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.076%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:16pt;font-weight:400;line-height:100%">Contents</font></td></tr></table></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:91.688%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.112%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">USE OF NON-GAAP FINANCIAL PERFORMANCE METRICS</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_10" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">2</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_7" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">OUR BUSINESS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_7" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">2</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_16" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">OPERATING AND FINANCIAL HIGHLIGHTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_16" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">4</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">SUSTAINABILITY AND ESG</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><a href="#i7554bca7c492474585f510a83f70bb11_19" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:none">6</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_22" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">CORPORATE DEVELOPMENTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_22" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">7</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">OUTLOOK FOR 2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_25" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">7</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_31" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">KEY PERFORMANCE DRIVERS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_31" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">8</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_34" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">FINANCIAL RESULTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_34" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">10</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_37" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">REVIEW OF OPERATING MINES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_37" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">15</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_40" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">FINANCIAL CONDITION REVIEW</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_40" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">21</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_43" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">NON-GAAP FINANCIAL PERFORMANCE MEASURES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_43" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">26</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_46" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">ENTERPRISE RISK MANAGEMENT AND RISK FACTORS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_46" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">38</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_49" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">CRITICAL JUDGMENTS AND ESTIMATION UNCERTAINTIES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_49" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">38</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_52" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">ACCOUNTING POLICIES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_52" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">38</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_55" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">CONTROLS AND PROCEDURES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_55" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">38</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ENDNOTES</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_58" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">40</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">CAUTIONARY NOTES</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%"><a href="#i7554bca7c492474585f510a83f70bb11_61" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">41</a></font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_16"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:115%">OPERATING AND FINANCIAL HIGHLIGHTS</font></div><div style="text-align:justify"><font style="color:#003f6b;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">OPERATING HIGHLIGHTS</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#003f6b;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%"> </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.993%"><tr><td style="width:1.0%"></td><td style="width:43.474%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.758%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="padding-right:-2.67pt;text-align:center"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">OPERATING INFORMATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent (&#8220;eq.&#8221;) (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#58; </font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Produced</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">91,021</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105,628&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">249,230</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">307,359&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sold</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">92,634</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,196&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247,678</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293,235&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold (ounces)&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Produced</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">70,147</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">72,210&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">190,679</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">205,849&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sold</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">68,816</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,982&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">190,641</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">198,705&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper (millions of pounds)&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Produced</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sold</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Revenue</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(10)</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,703</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,770&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,814</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,778&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper ($&#47;pound)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.17</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.02&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.75</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.94&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Average realized price</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,727</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,788&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,831</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,798&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper ($&#47;pound)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.42</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.28&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.99</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.20&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Operating expenses per gold eq. ounce sold ($&#47;ounce)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline"> (10)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,069</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">915&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,106</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">947&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion per gold eq. ounce sold ($&#47;ounce)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(10)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">599</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">497&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">580</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">496&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total cash costs per gold eq. ounce sold ($&#47;ounce)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,114</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">966&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,143</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,001&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">All-in sustaining costs per gold eq. ounce sold ($&#47;ounce)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,637</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,408&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,875</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,503&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-right:18pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">4&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="color:#003f6b;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">FINANCIAL HIGHLIGHTS</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.993%"><tr><td style="width:1.0%"></td><td style="width:43.474%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.758%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="padding-right:-2.67pt;text-align:center"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">FINANCIAL INFORMATION </font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">151.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">441.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">542.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.2)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net loss</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Adjusted net (loss) earnings</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13.4)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(19.8)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">158.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cash generated from operations before changes in non-cash operating working capital</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">43.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">137.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">229.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sustaining capital</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">39.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">149.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">114.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Growth capital</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">30.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">72.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">74.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total mining interest capital expenditures</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">70.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">221.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">189.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total assets</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,270.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,270.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Long-term debt</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">490.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">490.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current liabilities excluding long-term debt</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">658.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">799.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">658.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">799.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Share Data</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss per share</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic ($)</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.07)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Diluted ($)</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.07)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted net (loss) earnings per basic share ($)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.02)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.03&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.03)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.09&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share price as at September 30 (TSX - Canadian dollars)</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.23</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.34&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.23</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.34&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Weighted average outstanding shares (basic) (millions)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">682.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.8&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">681.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">680.7&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-right:18pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">5&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">SUSTAINABILITY AND ESG</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Gold&#8217;s Sustainability Strategy is comprised of three anchors&#58; Environment, Indigenous Rights and Community Engagement. Under such anchors, New Gold has four sustainability focus areas&#58; Indigenous Peoples, Tailings Management, Water and Climate. New Gold has adapted its sustainability efforts to align with the most pressing Environmental, Social and Governance (&#34;ESG&#34;) issues facing the Company and the mining industry. As such, the Company's ESG approach continues to prioritize the health, safety and well-being of its people, and the people in the communities in which New Gold operates. The protection of its people is central to New Gold's success as the Company believes people are its greatest asset. New Gold is committed to providing training, opportunities and progression paths for its teams, and the Company actively seeks to ensure that it promotes diversity within its teams at all levels of the organization. New Gold has adopted an approach to execute on its Sustainability Strategy that aligns with ESG reporting standards.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On September 30, 2022, New Gold participated in the National Day for Truth and Reconciliation by providing orange shirts to all employees to honour the lives of Indigenous children who were lost and survivors of the residential school system. At the Rainy River Mine, members of the management team participated in a local walk that included over 800 individuals from local Indigenous communities. The event focused on supporting survivors and their families while participants spent time learning about the history of Indigenous Peoples in Canada. New Gold encouraged all employees to take time on September 30 to learn more about actions that can be taken to support reconciliation and to strengthen the understanding of the Indigenous communities that are located in proximity to the Company's operations. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Total recordable injury frequency rate (&#34;TRIFR&#34;) was 0.98 in the third quarter, a 52% improvement compared to the prior-year period. Cerro San Pedro achieved a milestone in the quarter of two million hours worked without a lost time incident. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Courage to Care</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the third quarter, New Gold introduced and communicated a new Health and Safety Culture across the organization to renew New Gold&#8217;s commitment to safety and further connect our employees&#47;contractors in protecting the health, safety, and well-being of our people. The Cultures' mantra is named &#8220;Courage to Care&#8221; and focuses on caring for the safety of oneself and others who may be affected by individual decisions or actions related to safety. The mantra is simply explained in three tagline descriptors, &#8220;We never compromise on Safety&#8221;, &#8220;We look out for one another&#8221;, and &#8220;We stop work if it&#8217;s not safe&#8221;.  </font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">6&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_22"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">CORPORATE DEVELOPMENTS</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In September 2022, the Company provided an update on the exploration programs underway at its New Afton Mine. New Afton's underground exploration program is focused on increasing higher-grade Mineral Resources to enhance the near-term mine plan and extend the mine life. The upper portion of the East Extension continues to return gold and copper assay results well above the current Mineral Reserve grades, while the lower portion down plunge and the D-Zone remain open. In October 2022, the Company announced the receipt of the C-Zone Mines Act Permit. Please refer to the Company&#8217;s September 7, 2022 press release &#8220;Drilling at New Afton's East Extension Continues to Deliver High-Grade Mineralization&#8221; and October 7, 2022 press release &#8220;New Gold Announces Receipt of the New Afton C-Zone Mines Act Permit&#8221; for further information.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">At Rainy River, the first stope was blasted in the Intrepid Zone and underground production will continue to ramp-up over the coming months. For more details, refer to the Company's September 15, 2022 press release &#34;New Gold Provides Rainy River Mine Update&#34;.</font></div><div><font><br></font></div><div id="i7554bca7c492474585f510a83f70bb11_25"></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">OUTLOOK FOR 2022</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Gold is pleased to reaffirm its revised annual consolidated guidance as outlined below. </font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.252%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.130%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.207%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.011%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Operational Estimates</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Revised Rainy River Guidance</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Revised New Afton Guidance</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Revised Consolidated Guidance</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold Eq. Produced (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">1</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">230,000 - 250,000</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,000 - 115,000 </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">325,000 - 365,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold Produced (ounces)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">225,000 - 245,000</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35,000 - 45,000</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">260,000 - 290,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper Produced (Mlbs)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25 - 35</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25 - 35</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses, per gold eq. ounce</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$960 - $1,040</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$1,485 - $1,565</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$1,120 - $1,200</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">All-in Sustaining Costs per gold eq. ounce</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">2</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$1,620 - $1,720</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$2,210 - $2,310</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$1,875 - $1,975</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For further information on the revised annual consolidated guidance, please refer to the Company's July 11, 2022 press release &#34;New Gold Reports Second Quarter Operational Results and Provides Update on 2022 Operational Outlook&#34;.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Rainy River's focus for the fourth quarter continues to be ramping up mining of the open pit main ODM zone and introducing the underground material to the mill. Steps were taken over the summer to better position the open pit operations, and substantially complete all of the remaining glacial till waste stripping, with only approximately 2.4 million tonnes left to be mined beginning in the fourth quarter. The strip ratio is expected to be below 3&#58;1 for the remainder of the year, and approximately 2.1&#58;1 for the remainder of the open pit life. Underground production has commenced from the Intrepid zone and will continue to ramp-up over the coming months. </font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Afton's priority for the remainder of the year is to ramp-up B3 production and continue to advance C-Zone development with first production from C-Zone expected in the second half of 2023. Gold and copper production are expected to significantly increase during the C-Zone period, with all-in sustaining costs to significantly decrease, leading to robust free cash flow during that time.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">7&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_31"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">KEY PERFORMANCE DRIVERS</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">There is a range of key performance drivers that are critical to the successful implementation of New Gold&#8217;s strategy and the achievement of its goals. The key internal drivers are production volumes and costs. The key external drivers are the market prices of gold and copper as well as foreign exchange rates.</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Production Volumes and Costs</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For an analysis of the impact of production volumes and costs for the three and nine months ended September 30, 2022 relative to the prior-year periods, refer to the &#8220;Review of Operating Mines&#8221; section of this MD&#38;A.</font></div><div style="text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Commodity Prices</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Gold Prices</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The price of gold is the single largest factor affecting New Gold&#8217;s profitability and operating cash flows. As such, the current and future financial performance of the Company is expected to be closely related to the prevailing price of gold. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three months ended September 30, 2022, New Gold's gold revenue per ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> and average realized gold price per ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> were $1,703 and $1,727, respectively, compared to the London Bullion </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Market (&#34;LBMA&#34;) p.m. average gold price of $1,729 per ounce.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> the nine months ended September 30, 2022, New Gold's gold revenue per ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> and average realized gold price per ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> were $1,814 and $1,831, respectively, compared to the </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">LBMA p.m. average gold price of $1,824 per ounce.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Copper Prices</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three months ended September 30, 2022, New Gold&#8217;s copper revenue per pound</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> and average realized copper price per pound</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> were $3.17 and $3.42, respectively, compared to the average London Metals </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Exchange (&#34;LME&#34;) copper price of $3.51 per pound.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the nine months ended September 30, 2022, New Gold&#8217;s copper revenue per pound</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> and average realized copper price per pound</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> were $3.75 and $3.99, respectively, compared to the average </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">LME copper price of $4.11 per pound.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Foreign Exchange Rates</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">While the Company&#8217;s key operations are in Canada, revenue is generated in U.S. dollars. As a result, the Company has foreign currency exposure with respect to costs not denominated in U.S. dollars. New Gold&#8217;s operating results and cash flows are influenced by changes in exchange rates against the U.S. dollar. The Company has exposure to the Canadian dollar through New Afton and Rainy River, as well as through corporate administration costs.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The spot Canadian dollar weakened against the U.S. dollar during the third quarter of 2022. Similarly, the average value of the Canadian dollar against the average value of the U.S dollar for the three months ended September 30, 2022 decreased when compared to the prior-year period. The weakening of the Canadian dollar impacts costs in U.S. dollar terms at the Company&#8217;s Canadian operations, as a significant portion of operating and capital costs are denominated in Canadian dollars.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">8&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For an analysis of the impact of foreign exchange fluctuations on operating costs, refer to the relevant sections for Rainy River and New Afton under the heading &#8220;Review of Operating Mines&#8221;.</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Economic Outlook</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The LBMA p.m. gold price decreased by 8% during the third quarter of 2022, finishing the quarter at $1,672 per ounce. The prospects of aggressive monetary policy tightening in an effort by global central banks to suppress inflation continued to cause the U.S. dollar to rise and government bond yields to increase, both of which put downward pressure on gold prices. Gold held in exchange-traded funds decreased by 11% during the third quarter of 2022. Looking forward, further inflation concerns and geopolitical uncertainty may provide support for gold prices.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Prospects for gold are impacted by several structural factors. Mine supply has been plateauing as high-quality deposits become more difficult to find and more expensive to develop and mine. Economic events can have significant effects on the price of gold, through currency rate fluctuations, the relative strength of the U.S. dollar, gold supply and demand, and macroeconomic factors, such as interest rates and inflation expectations. Management anticipates that the long-term economic environment should provide support for gold and precious metals and believes the prospects for the business are favourable.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The LME cash copper price decreased by 7% during the third quarter of 2022, finishing the quarter at $3.47 per pound. Increasing concerns of slower-than-expected global economic growth and U.S. dollar strength pressured copper prices over the quarter. Over the longer-term, continued growth in the global economy could increase demand for copper and provide support for copper prices.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Inflationary pressures continue to be felt from the impact of the COVID-19 pandemic on supply chains and the ongoing conflict in Ukraine. Inflation is additionally impacted by various macroeconomic factors and can affect the cost of labour and key consumables.</font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">9&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_34"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">FINANCIAL RESULTS</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Summary of Financial Results</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.993%"><tr><td style="width:1.0%"></td><td style="width:43.474%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.758%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">FINANCIAL RESULTS</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">151.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">441.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">542.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">99.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">143.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">144.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.2)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payment expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exploration and business development</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) income from operations</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11.0)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance income</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(23.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other gains and losses</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain on foreign exchange</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gain (loss) on disposal of assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on revaluation of investments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) gain on foreign exchange derivative</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(8.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized gain (loss) on revaluation of non-current derivative financial liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(21.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(36.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on revaluation of copper price option contracts</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revaluation of CSP&#8217;s reclamation and closure cost obligation</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financial instrument transaction costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flow through share premium</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(1.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) earnings before taxes</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(15.9)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.9)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(59.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax recovery (expense) </font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.4)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.8)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Net Loss </font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(49.9)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.3)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Adjusted net (loss) earnings </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13.4)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.4&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(19.8)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58.2&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="padding-right:18pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">10&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="padding-right:18pt"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Revenue</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September&#160;30, 2022, the decrease in revenue relative to the prior-year periods was due to lower copper sales volume and lower realized copper prices, partially offset by higher realized gold prices for the nine months ended September 30, 2022.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Operating expenses</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three months ended September 30, 2022, operating expenses were higher than the prior-year period due to higher operating expenses at New Afton as production from B3 continues to ramp-up. For the nine-month period ended September 30, 2022, operating expenses were consistent with the prior-year period. For further information, please refer to the &#34;Review of Operating Mines&#34; section of this MD&#38;A. </font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Depreciation and depletion</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three months ended September 30, 2022, depreciation and depletion increased</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> when compared to the prior-year periods due to a higher asset base. For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended September&#160;30, 2022, depreciation and depletion were consistent with the prior-year period.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Revenue less cost of goods sold</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September 30, 2022, revenue less costs of goods sold decreased when compared to the prior-year periods primarily due to lower revenue. </font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Corporate administration</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September 30, 2022, costs associated with corporate administration, were consistent with the prior-year periods.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Exploration and business development</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September 30, 2022, exploration and business development expenses increased when compared to the prior-year periods primarily due to </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">increased exploration activity at New Afton.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Share-based payment expenses</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, share-based payment expenses decreased when compared with the prior-year periods due to a decrease in New Gold's share price.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Finance costs</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, finance costs decreased as a result of the $100 million redemption of the 2025 Unsecured Notes in May 2022 resulting in a lower interest expense in the current year periods and additional capitalized interest at New Afton.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Other gains and losses</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Foreign exchange</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Movements in foreign exchange are primarily due to the revaluation of monetary assets and liabilities as at the balance sheet date and the appreciation or depreciation of the Canadian dollar when compared to the U.S. dollar in the current periods.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">11&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Unrealized loss on investments</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September&#160;30, 2022</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">, the Company recorded an unrealized loss of $14.8 and $30.7 million, respectively, primarily due to decreases in the share price of Artemis and Talisker Resources Ltd.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Rainy River Gold stream obligation</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, the Company recorded an unrealized gain on the revaluation of the gold stream obligation derivative instrument of $6.9 million due to the increase in the market observable discount rate. For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, the Company recorded an unrealized loss on the revaluation of the gold stream obligation derivative instrument of $17.3 million. The loss was primarily driven by the updated Technical Report at Rainy River and the conversion of additional ounces from resources into reserves.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Afton free cash flow interest obligation</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September&#160;30, 2022, the Company recorded an unrealized gain on revaluation of the New Afton free cash flow interest obligation of $7.6 million. For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September&#160;30, 2022, the Company recorded an unrealized gain on revaluation of the New Afton free cash flow interest obligation of $20.6 million. The gain was primarily due to a higher market observable discount rate in both current year periods.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Revaluation of CSP closure cost obligation </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Cerro San Pedro (&#34;CSP&#34;) transitioned to the reclamation phase of its mine life cycle effective December 31, 2018. The revaluation of CSP&#8217;s reclamation and closure cost obligation is a result of changes in estimates to the expected reclamation expenditures.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The other gains and losses listed above are added back for the purposes of calculating adjusted net earnings</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">. Adjusted net earnings</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. Please refer to the &#34;Non-GAAP Financial Performance Measures&#34; section of this MD&#38;A.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Income tax </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The current income tax expense and prior-year income tax expense relates primarily to current and deferred mineral taxes in the period. Income tax expense for the three and nine months ended September&#160;30, 2022 decreased due to a decrease in British Columbia mining tax payable due to lower revenue at New Afton in the periods and the tax impact of the revaluation of the New Afton free cash flow obligation. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On an adjusted net loss</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> basis, the adjusted tax recovery</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> for  </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended September&#160;30, 2022</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">, was $2.6 million, compared to an adjusted tax expense of $11.4 million in the prior year. The adjusted tax recovery (expense)</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> excludes the tax impact of other gains and losses on the consolidated income statement. Adjusted tax recovery (expense)</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Net Loss</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> the three months ended September&#160;30, 2022, there was a decrease in net loss compared to the prior-year period, primarily due to </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the gain on the revaluation of the Rainy River gold stream and New Afton </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">12&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">free cash flow obligation, partially offset by lower revenue.</font><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%"> </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended September&#160;30, 2022, there was an increase in net loss compared to the prior-year period, primarily due to lower revenue, partially offset by the gain on the revaluation of the New Afton free cash flow obligation. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Adjusted net (loss) earnings</font><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:6.5pt;font-style:italic;font-weight:700;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Net (losses) earnings have been adjusted for loss on repayment of long-term debt and other gains and losses on the consolidated income statement. Key elements in other gains and losses are the fair value changes for the gold stream obligation, fair value changes for the free cash flow interest obligation, foreign exchange gains&#47;loss and fair value changes in investments. The adjusted entries are also impacted by tax expenses to the extent that the underlying entries are impacted for tax in the unadjusted net earnings. Adjusted net (loss) earnings is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September 30, 2022, adjusted net losses</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">increased over the prior-year periods primarily due to lower revenue.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For further information on the Company&#8217;s liquid</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ity and cash flow position, please refer to the &#8220;Liquidity and Cash Flow&#8221; section of this MD&#38;A.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">13&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Key Quarterly Operating and Financial Information</font></div><div style="margin-bottom:3pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Selected financial and operating information for the current and previous quarters is as follows&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:23.779%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.253%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="padding-right:-0.37pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:171%">(in millions of U.S. dollars,</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:171%">&#160;except where noted)</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Q3<br> 2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q2<br>&#160;2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q1 2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q4 2021</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q3 2021</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q2 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q1 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q4 2020</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Q3 2020</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">OPERATING INFORMATION</font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="padding-right:-3.75pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="padding-right:-3.75pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="padding-right:-3.75pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="padding-right:-3.75pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="padding-right:-3.75pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="padding-right:-3.75pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold production from operations (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">70,147</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52,431&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">68,101&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,072&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">72,210&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,989&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,650&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83,096&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78,959&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold sales from operations (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">68,816</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">51,263&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">70,562&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78,745&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,982&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">68,184&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">63,539&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86,491&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75,760&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">151.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">115.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">174.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">202.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">198.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">164.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">198.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">173.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net (loss) income</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(4.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(37.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(21.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Per share&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic ($)</font></td><td colspan="2" style="background-color:#E5F8FC;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#E5F8FC;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.06)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.01)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.22&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.02&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.03)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.02&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Diluted ($)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.01)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.06)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.01)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.22&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.02)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.02&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.03)</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.02&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">14&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_37"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">REVIEW OF OPERATING MINES</font></div><div style="text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Rainy River Mine, Ontario, Canada</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Rainy River is a gold mine located in Northwestern Ontario, Canada approximately 50 kilometres northwest of Fort Frances, a town of approximately 8,000 people.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">A summary of Rainy River&#8217;s operating results is provided below.</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.993%"><tr><td style="width:1.0%"></td><td style="width:43.474%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.758%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="padding-right:-2.62pt;text-align:center"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">OPERATING INFORMATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,303</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,868&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5,276</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,397&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating waste mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4,091</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,116&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9,039</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,496&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capitalized waste mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,996</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">800&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">16,889</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,998&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Waste mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8,087</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,916&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25,928</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30,494&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ratio of waste-to-ore</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.54</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.83&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.97</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.67&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore processed (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,248</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,323&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6,558</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,996&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Average gold grade (grams&#47;tonne)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.89</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.89&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.83</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.83&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold recovery rate (%)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">91</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">91</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold eq. (ounces) </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Produced </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">60,319</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">60,785&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">163,973</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">172,462&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">56,932</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57,800&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">165,396</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168,682&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Produced </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">58,719</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,557&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">160,069</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">166,113&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55,421</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55,597&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">161,573</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">162,454&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold Revenue ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,729</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,788&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,832</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,797&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Average gold realized price ($&#47;ounce) </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,729</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,788&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,832</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,797&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Open pit net mining cost per operating tonne mined </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.86</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.69&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.88</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.78&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Processing cost per tonne processed </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.57</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.54&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.96</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.97&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">G&#38;A cost per tonne processed </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.60</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.28&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.92</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.30&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Operating expenses per gold eq. ounce sold ($&#47;ounce)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">955</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">960&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">973</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">979&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and depletion per gold eq. ounce</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">687</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">635&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">665</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">647&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:justify"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total cash costs per gold eq. ounce sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">955</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">960&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">973</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">979&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">All-in sustaining costs per gold eq. sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,483</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,307&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,662</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,470&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">FINANCIAL INFORMATION</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">98.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">103.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">302.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">303.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Capital expenditures (sustaining capital)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">100.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">69.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Capital expenditures (growth capital)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total mining interest capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">114.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">79.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">38.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">153.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #948a54;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free cash flow </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.7)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #948a54;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.1)</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #948a54;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #948a54;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.5&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #948a54;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">15&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Operating results</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Production</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The third quarter  gold eq.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> production was 60,319 ounces (58,719 ounces of gold and 120,000 ounces of silver), in-line with the prior-year period. For the nine-month period ended September 30, 2022, gold eq.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> production was 163,973 ounces (160,069 ounces of gold and 292,831 ounces of silver), a decrease over the prior-year period primarily due to lower tonnes processed, partially offset by higher gold recoveries.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Open pit tonnes mined per day decreased over the prior-year periods to minimize the amount of rehandling required to feed the mill, and to dewater the open pit early in the quarter. As of the beginning of September, mining from the main ODM zone had commenced and will continue to ramp-up in the coming months. Approximately 2.3 million ore tonnes and 8.0 million waste tonnes (including 3.9 million capitalized waste tonnes) were mined from the open pit at an average strip ratio of 3.54&#58;1. </font></div><div style="text-align:justify;text-indent:9pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Mining from the underground Intrepid zone advanced during the quarter with the first stope blasted on September 13, 2022. Gold grade from the first stope has reconciled positively to the modeled gold grade and production will continue to ramp-up over the coming months. Underground development advanced an additional 833 metres during the quarter, with the main decline ramp reaching the 200 metre level ahead of plan.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Tonnes milled per calendar day decreased over the prior-year periods primarily due to processing harder ore from the North Lobe. Mining from the North Lobe open pit is expected to be completed in the first half of 2023. </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Revenue </font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, revenue decreased when compared to the prior-year period due to the lower average realized price. For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September 30, 2022, revenue is in-line with the prior-year period.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Revenue less cost of goods sold</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, revenue less cost of goods sold decreased when compared to the prior-year period, primarily driven by lower revenues. For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September 30, 2022, revenue less cost of goods sold is in-line with the prior-year period.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Operating expenses, depreciation and depletion, total cash costs, all-in sustaining costs, capital expenditures and free cash flow&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Operating expense per gold eq. ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">was in-line with the prior-year periods as inflation-driven price increases were partially offset by a weakening of the Canadian dollar relative to the U.S. dollar.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Open pit net mining costs per operating tonne mined</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> for the three and nine months ended September 30, 2022, increased over the prior-year periods due to a decrease in tonnes mined and an increase in diesel prices. Open pit net mining costs include the costs to rehandle stockpile. Quarterly diesel prices increased by approximately $0.50&#47;litre from the prior-year period resulting in an approximately $5 million ($0.45 per tonne mined, or $0.40 per tonne moved) impact on mining costs. For the nine-months ended September 30, 2022, the increase in diesel prices resulted in an approximately $12 million ($0.40 per tonne mined) impact on mining costs. These increases were partially offset by a reduction in diesel consumption in the current year periods.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">16&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Processing costs per tonne processed</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> for the three and nine months ended September 30, 2022, increased over the prior-year periods due to a decrease in tonnes milled and inflation-driven price increases. Electricity, cyanide and grinding media increased by approximately $3 million ($1.30 per tonne processed) in the quarter and approximately $8 million ($1.20 per tonne processed) for the nine months ended </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September 30, 2022</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">. Quarterly cyanide price increased by approximately $0.65&#47;kg and quarterly grinding media price increased by approximately $0.25&#47;kg compared to the prior-year period.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Depreciation and depletion per gold eq. ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">for the three and nine months ended </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September 30, 2022</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">, was $687 and $665 , respectively, which is an increase from the prior-year periods due to lower sales.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">All-in sustaining costs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> per gold eq. ounce increased over the prior-year periods primarily due to higher sustaining capital spend.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Total capital and leases for the quarter were $34 million and $122 million for the nine-month period ended September 30, 2022, an increase over the prior-year periods due to higher sustaining capitalized waste mining costs as a result of the higher strip ratio. Sustaining capital</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> during the quarter primarily related to $16 million of capitalized waste, as well as capital maintenance, and the advancement of the annual tailings dam raise. Growth capital</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> primarily related to the development of the Intrepid underground zone.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Cash generated from operations for </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, increased when compared to the prior-year periods primarily due to positive working capital movements.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Free cash flow</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">for </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September 30, 2022, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">was an outflow of $0.7 and an inflow of $14.1 million, respectively, (net of stream payments of $5 million and $18 million, respectively), an increase over the prior-year periods due to an increase in cash generated from operations partially offset by an increase in capital expenditures. </font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Impact of foreign exchange on operations</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Rainy River&#8217;s operations are impacted by fluctuations in the valuation of the U.S. dollar against the </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Canadian dollar. For the three months ended September 30, 2022, the value of the U.S. dollar averaged $1.31 against the Canadian dollar, when compared to $1.26 against the Canadian dollar in the prior-year period. This positively impacted total cash costs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> by $34 per gold eq. ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">relative to the prior year period.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the nine months ended September 30, 2022, the value of the U.S. dollar averaged $1.28 against the Canadian dollar, when compared to $1.25 against the Canadian dollar in the prior-year period. This positively impacted total cash costs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> by $25 per gold eq. ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">relative to the prior year period.</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">  </font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Exploration activities</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">During the third quarter of 2022, the Company completed 641 meters of diamond drilling in two drill holes (one completed and one in progress) on priority targets south of the Rainy River Mine footprint. Additionally, the Company is progressing reconnaissance field activities on the regional landholdings to support new drill target definition.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">17&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">New Afton Mine, British Columbia, Canada</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The New Afton mine is located in South-Central British Columbia near Kamloops, a city of approximately 90,000 people.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">A summary of New Afton&#8217;s operating results is provided below.</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:44.740%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.443%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="padding-right:-0.37pt;text-align:center"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">OPERATING INFORMATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">470</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,091&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,440</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,294&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating waste mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">19</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">62</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capitalized waste mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">111</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">320</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">260&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Waste mined (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">130</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">92&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">382</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">289&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore processed (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">714</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,202&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,685</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,678&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Average grade&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold (grams&#47;tonne)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.59</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.43&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.43</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.42&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper (%)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.64</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.72&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.50</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.72&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Recovery rate (%)&#58;</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">85</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">83</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">85</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">82&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">81</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">82&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold eq. (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Produced </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">30,701</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44,843&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">85,257</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">134,898&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">35,702</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,395&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">82,282</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124,553&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold (ounces)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Produced </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11,427</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,653&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">30,610</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,735&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13,395</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,385&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">29,068</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,251&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Copper (millions of pounds)&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Produced </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,595</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,681&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,712</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,692&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper ($&#47;pound)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.17</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.02&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.75</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.94&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Average realized price</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,721</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,789&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,825</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,803&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Copper ($&#47;pound)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.42</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.28&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.99</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.20&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Underground net mining cost per operating tonne mined </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25.74</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.74&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">27.58</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.59&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Processing cost per tonne processed </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">17.83</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.09&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.77</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.58&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">G&#38;A cost per tonne processed </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.28</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.35&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.33</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.25&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Operating expenses per gold eq. ounce sold ($&#47;ounce)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,250</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">849&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,374</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">904&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Depreciation and depletion per gold eq. ounce</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">455</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">288&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">403</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">285&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total cash costs per gold eq. sold ($&#47;ounce) </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,367</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">974&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,485</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,030&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">All-in sustaining costs per gold eq. sold ($&#47;ounce) </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,769</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,423&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,101</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,403&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">FINANCIAL INFORMATION&#58;</font></div></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">76.6</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">139.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">239.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue less cost of goods sold</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">91.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Capital expenditures (sustaining capital) </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">48.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Capital expenditures (growth capital)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">58.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">65.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total mining interest capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">38.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.0</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">107.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110.1</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">17.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free cash flow </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(20.3)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(96.4)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.5&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">18&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">      Operating results</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Production</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Gold eq.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> production was 30,701 ounces (11,427 ounces of gold and 8.5 million pounds of copper), and for the nine-month period ended September 30, 2022, gold eq.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> production was 85,257 ounces (30,610 ounces of gold and 24.1 million pounds of copper), a decrease over the prior-year periods due to lower tonnes processed and lower copper grades. Third quarter gold eq</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> sales included approximately 7,500 gold eq. ounces which had been deferred from the second quarter due to the timing of concentrate shipments.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Underground tonnes mined per day decreased over the prior-year periods due to the planned completion of Lift 1 mining activities, as well as the closure of the low grade-higher cost recovery level zone in June, earlier than planned. B3 production ramp-up continued on schedule during the quarter, with mining rates expected to reach 8,000 tonnes per day by early 2023.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Tonnes milled per calendar day decreased over the prior-year periods as planned. During the quarter the site incorporated lower grade surface stockpiles into the mill feed to supplement the overall lower tonnes mined.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Revenue</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September 30,</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> 2022, revenue decreased when compared to the prior-year periods due to lower sales volume and lower average realized copper prices, partially offset by higher average realized gold prices in the nine month period. </font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Revenue less cost of goods sold</font><font style="color:#3f96b4;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#160;&#160;&#160;&#160;</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September 30, </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">2022</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">, revenue less cost of goods sold decreased when compared to the prior-year periods, </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">primarily due to lower revenues.</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Operating expenses, depreciation and depletion, total cash costs, all-in sustaining costs, capital expenditures and free cash flow</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Operating expense</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">10</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> per gold eq. ounce increased over the prior-year periods, primarily due to lower sales volume.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Underground net mining costs per operating tonne mined</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> and processing costs per tonne processed</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> for the three and nine months ended September 30, 2022, increased due to lower tonnes mined and milled and inflation-driven price increases. Quarterly diesel prices increased by approximately $0.45&#47;litre from the prior-year period resulting in a $0.4 million ($0.70 per tonne mined) impact on mining costs, and an additional $0.2 million ($0.20 per tonne processed) impact on processing costs (related to stockpile rehandling). </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation and depletion per gold eq. ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">10 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> September 30, 2022</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, was $455 and $403, respectively, an increase when compared to the prior-year periods as a result of a higher asset base.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">All-in sustaining costs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> per gold eq. ounce increased over the prior-year periods, primarily due to lower sales volume, and higher sustaining capital spend for the nine-month period ended September 30, 2022. </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">19&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Total capital and leases for the quarter were $38 million and $107 million for the nine-month period ended September 30, 2022, in-line with the prior-year periods. Sustaining capital</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> in the quarter primarily related to B3 mine development and tailings management and stabilization activities. Growth capital</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> in the quarter primarily related to C-Zone development, which advanced 998 metres during the quarter.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Cash generated from operations for </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, decreased primarily due to lower revenue.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Free cash flow</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> for </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, was a net outflow of $20.3 and $96.4</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> million, respectively, a decrease over the prior-year periods due to lower revenue.</font></div><div><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Impact of foreign exchange on operations</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Afton</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8217;s operations are impacted by fluctuations in the valuation of the U.S. dollar against the Canadian dollar. For the three months ended September 30, 2022, the value of the U.S. dollar averaged $1.31 against the Canadian dollar, when compared to $1.26 against the Canadian dollar in the prior-year period. This positively impacted total cash costs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> by $45 per gold eq. ounce</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1 </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">relati</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ve to the prior year period.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">, 2022, the value of the U.S. dollar averaged $1.28 against the Canadian dollar, when compared to $1.25 against the Canadian dollar in the prior-year period. This positively impacted total cash costs by $35 per gold eq. oun</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ce</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">1 </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">relative to the prior year period. </font></div><div><font><br></font></div><div><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Exploration activities</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">During the third quarter of 2022, the Company completed 11,643 metres of diamond drilling in 26 drill holes (24 completed and 2 in progress). Of these, 6,795 metres in 18 holes were completed from underground, 4,565 metres in 15 drill holes (13 completed and 2 in progress) as infill drilling on the East Extension area and 2,230 meters in 3 holes were evaluating the potential extension of the known mineralization on the Artificial Intelligence South East target area. The remaining metres were completed from surface in 8 drill holes as reconnaissance exploration drilling in a target area located approximately 14 km west-southwest from the New Afton Mill.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Additional field activities are in progress on the regional landholding, inclusive of geochemical surveying and geological mapping to support new drill target definition. Geological and geochemical data has been compiled and interpreted to update the project database and refine the geological model to support the year end resource estimate.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">20&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_40"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">FINANCIAL CONDITION REVIEW</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Balance Sheet Review</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.358%"><tr><td style="width:1.0%"></td><td style="width:68.093%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.707%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">As at December 31</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">BALANCE SHEET INFORMATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">481.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other current assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">154.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">204.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,853.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,790.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total assets</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,476.8&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div><font><br></font></div></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">178.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">172.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current liabilities excluding long-term debt</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">658.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">857.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Long-term debt</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">394.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">491.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,231.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,520.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total equity</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,023.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">955.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total liabilities and equity</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,254.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,476.8&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-right:18pt;text-align:justify"><font><br></font></div><div style="padding-right:18pt;text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:140%">Assets</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Cash and cash equivalents</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The decrease in cash and cash equivalents relative to December 31, 2021 was primarily driven by the</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> repayment of the Company's $100.0 million aggregate principal amount of outstanding 2025 Unsecured Notes, interest payments,</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> and development capital expenditure at New Afton.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Other current assets</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Other current assets primarily consist of trade and other receivables, inventories, investments, prepaid expenses, and income tax receivables. Other current assets decreased due to the collection of the $12.8 million tax refund related to the 2018 Mesquite Mine sale, a decrease in trade receivables, and a decrease in the value of investments.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Non-current assets</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Non-current assets primarily consist of mining interests, which include the Company&#8217;s mining properties, development projects and property, plant and equipment. The increase relative to December 31, 2021 is primarily attributable to the Company's investments in its mining interests.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Current liabilities</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Current liabilities consist primarily of trade and other payables and are consistent with those of December 31, 2021.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Non-current liabilities excluding long-term debt</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Non-current liabilities excluding long-term debt consist primarily of reclamation and closure cost obligations, non-current derivative obligations and deferred tax liabilities.  </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's gold stream obligation has decreased from December 31, 2021, primarily due to cash settlements and higher market observable discount rates in the period.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">21&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's free cash flow interest obligation has decreased from December 31, 2021, due to cash settlements and higher market observable discount rates in the period.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company&#8217;s asset retirement obligations consist of reclamation and closure costs for Rainy River, New Afton and CSP. Significant reclamation and closure activities include land rehabilitation, demolition of buildings and mine facilities, ongoing monitoring, and other costs. The long-term discounted portion of the liabil</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ity as at </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September 30,</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">2022</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> was $105.7</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> million relative to $154.6 million as at December 31, 2021.</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The decrease was primarily driven by higher discount rates applied to the liabilities.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The deferred income tax liability increased from $69.6 million as at December 31, 2021 to $71.9 million at September 30, 2022. The increase in deferred income tax liability was primarily driven by higher deferred mineral taxes due to the revaluation of the New Afton free cash flow obligation.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Long-term debt and other financial liabilities containing financial covenants</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Long-term debt includes the Unsecured Notes (as hereinafter defined) and the Company&#8217;s revolving credit facility.</font></div><div style="margin-bottom:12pt;padding-left:0.2pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In May 2022, the Company redeemed the $100.0 million principal amount of its outstanding 2025 Unsecured Notes. The redemption was funded with cash on hand. The Company recognized a loss on repayment of long-term debt of $4.3 million, primarily comprised of the early redemption premium paid and the de-recognition of deferred financing charges associated with the 2025 Unsecured Notes.</font></div><div style="padding-left:0.2pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As at September 30, 2022, the Company has $400.0 million of senior unsecured notes outstanding that mature and become due and payable on July 15, 2027 (&#34;2027 Unsecured Notes&#34;). The 2027 Unsecured Notes are denominated in U.S. dollars and bear interest at the rate of 7.50% per annum. Interest is payable in arrears in equal semi-annual installments on January 15 and July 15 of each year.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The 2027 Unsecured Notes are subject to a minimum interest coverage incurrence covenant (earnings before interest, taxes, depreciation, amortization, impairment and other non-cash adjustments to interest) of 2.0&#58;1.0. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company holds a revolving credit facility (the &#34;Credit Facility&#8221;) with a maturity date of December 2025 and a borrowing limit of $400.0 million.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Credit Facility contains various covenants customary for a loan facility of this nature, including limits on indebtedness, asset sales, and liens. The Credit Facility contains the following three covenant tests, all of which are measured on a rolling four-quarter basis at the end of every quarter&#58;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">The minimum interest coverage ratio, being earnings before interest, taxes, depreciation, amortization, exploration, impairment, and other non-cash adjustments (&#8220;Adjusted EBITDA&#8221;) to interest&#59; </font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">The maximum net debt to Adjusted EBITDA ratio (&#8220;Leverage Ratio&#8221;)&#59; and </font></div><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.5pt">The maximum gross secured debt to Adjusted EBITDA (&#8220;Secured Leverage Ratio&#8221;).</font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">22&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Significant financial covenants are as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.038%"><tr><td style="width:1.0%"></td><td style="width:51.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.624%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.436%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">Twelve months ended September 30</font></td><td colspan="3" style="background-color:#2bb7df;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">Twelve months ended</font></div><div style="text-align:right"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:150%">December 31</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial<br>covenant</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FINANCIAL COVENANTS</font></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Minimum interest coverage ratio (Adjusted EBITDA to interest)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#62;3.0&#58;1.0</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:83%">5.4 &#58; 1</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.2 &#58; 1</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Maximum Leverage Ratio (net debt to Adjusted EBITDA)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#60;4.5&#58;1.0</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:83%">1.4 &#58; 1</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6 &#58; 1</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Maximum Secured Leverage Ratio (secured debt to Adjusted EBITDA)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#60;2.0&#58;1.0</font></td><td colspan="3" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:83%">0.2 &#58; 1</font></td><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1 &#58; 1</font></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Liquidity and Cash Flow</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As at September&#160;30, 2022, the Company had cash and cash equivalents of $247.0 million compared to $481.5 million as at December 31, 2021. The Company&#8217;s investment policy is to invest its surplus funds in permitted investments consisting of treasury bills, bonds, notes and other evidences of indebtedness of Canada, the U.S. or any of the Canadian provinces with a minimum credit rating of R-1 mid from DBRS or an equivalent rating from Standard &#38; Poor&#8217;s or Moody&#8217;s and with maturities of 12 months or less at the original date of acquisition.  In addition, the Company is permitted to invest in bankers&#8217; acceptances and other evidences of indebtedness of certain financial institutions. All investments must have a maximum term to maturity of 12 months and the average term will generally range from 7 days to 90 days. As per the investment policy, the Company is not permitted to make investments in asset-backed commercial paper.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's investments in marketable equity securities are exposed to various risk factors including currency risk, market price risk and liquidity risk. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company&#8217;s liquidity is impacted by several factors which include, but are not limited to, gold and copper production, gold and copper market prices, capital expenditures, operating costs, interest rates and foreign exchange rates. These factors are monitored by the Company on a regular basis and will continue to be reviewed.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company&#8217;s cash flows from operating, investing and financing activities, as presented in the consolidated statements of cash flows, are summarized in the following table for the three and nine months ended September 30, 2022 and 2021&#58;</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.557%"><tr><td style="width:1.0%"></td><td style="width:44.916%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CASH FLOW INFORMATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operating activities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">158.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash used in investing activities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(55.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(212.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(183.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash used in financing activities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(25.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(25.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(175.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(70.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Effect of exchange rate changes on cash and cash equivalents</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(3.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in cash and cash equivalents</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.2)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.5&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(234.5)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35.4)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">23&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating Activities</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the three and nine months ended</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> September 30, 2022, the decrease in cash generated from operating activities was due to lower revenue, partially offset by positive working capital movements.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The cash generated by operations is highly dependent on metal prices, including gold and copper, as well as other factors, including the Canadian&#47;U.S. dollar exchange rate.</font></div><div style="text-align:justify"><font style="color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Investing Activities</font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Cash used in investing activities is primarily for the continued capital investment in the Company&#8217;s operating mines and development projects. Cash generated from investing activities for the three months ended September 30, 2022 includes $12.8 million of tax proceeds collected from the 2018 sale of the Mesquite Mine, and in the prior-quarter period $39.4 million collected from the sale of the Blackwater project.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table summarizes the capital expenditures (mining interests per the consolidated statement of cash flows) for the three and nine months ended September 30, 2022&#58;</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:44.576%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CAPITAL EXPENDITURES BY SITE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rainy River</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">114.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">New Afton</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">38.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">107.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">69.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.4&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">221.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">189.2&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#365f91;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Financing Activities</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the three and nine months ended September&#160;30, 2022, cash used in financing activities was</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> $25.2 million and $175.7 million, respectively. For the nine months ended </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September&#160;30, 2022,</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> the change was primarily driven by the repayment of long-term </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">debt, interest payments,</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> gold stream obligation payments and the New</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> Afton free cash flow payment to the Ontario Teacher's Pension Plan.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company&#8217;s cash balance as at September&#160;30, 2022</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> of $247.0 million, together with </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">$372.8</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> million</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> available for drawdown under the Credit Facility </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">as at </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">September&#160;30, 2022</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">,</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> provided the Company with $619.8 million of liquidity.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is expecting to continue to advance the C-Zone development at New Afton resulting in significant capital expenditures. Assuming the stability of prevailing commodity prices and exchange rates, and operations performing in accordance with mine plans, the Company believes it has adequate liquidity to implement its near-term operational plan and will be able to repay future indebtedness from a combination of internally generated cash flow and financing activities. Additionally, the Company has a strong liquidity position, which management expects to be more than adequate to fund its business objectives.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">24&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Commitments</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has entered into a number of contractual commitments for capital items relating to operations and development. At September 30, 2022, these commitments total</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">e</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">d $78.0 m</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">illion, which are expected to become due over the next 12 months. This compares to commitments of $48.3 </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">million as at December 31, 2021. Certain contractual commitments may contain cancellation clauses&#59; however, the Company discloses its commitments based on management&#8217;s expectation to fulfill the contracts.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Contingencies</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In assessing the loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company and its legal counsel evaluate the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency suggests that a loss is probable, and the amount can easily be estimated, then a loss is recorded. When a contingent loss is not probable but is reasonably possible, or is probable but the amount of the loss cannot be reliably estimated, then details of the contingent loss are disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the Company discloses the nature of the guarantees. If the Company is unable to resolve these disputes favourably, it may have a material adverse impact on its financial condition, cash flow and results of operations. As at September&#160;30, 2022, there were no contingent losses recorded.</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Related Party Transactions</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company did not enter into any reportable related party transactions during the three and nine months ended, September&#160;30, 2022.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Off-Balance Sheet Arrangements</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company did not have any off-balance sheet arrangements during the three and nine months ended, September&#160;30, 2022.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Outstanding Shares</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As at November 2, 2022, there were 682.3 million common shares of the Company issued and outstanding. The Company had 6.2 million stock options outstanding under its share option plan, exercisable for up to an additional 6.2 million common shares.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">25&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_43"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">NON-GAAP FINANCIAL PERFORMAN</font><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">CE MEA</font><font style="color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">SURES </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has included certain non-GAAP financial measures in this MD&#38;A. These measures are not defined under IFRS and should not be considered in isolation. In 2022, the Company has disclosed &#8220;total cash costs&#34;, &#34;all-in sustaining costs&#34; or &#34;AISC&#34;, &#34;adjusted net earnings&#47;(loss)&#34;, &#34;adjusted tax expense&#34;, &#34;sustaining capital and </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">sustaining leases</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:140%">&#8221;,</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> &#8220;growth capital&#8221;, &#8220;average realized gold&#47;copper price per ounce&#47;pound&#8221;, &#34;open pit net mining cost per operating tonne mined&#34;, &#34;underground net mining costs per operating tonne mined&#34;, &#34;processing costs per tonne processed&#34;, &#34;G&#38;A costs per tonne&#34;, &#34;cash generated from operations, before changes in non-cash operating working capital&#34; and &#34;free cash flow&#34; as non-GAAP financial performance measures. 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.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Total Cash Costs per Gold Equivalent Ounce </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;Total cash costs per gold equivalent ounce&#8221; is a non-GAAP financial performance measure that is a common financial performance measure in the gold mining industry but does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. New Gold reports total cash costs on a sales basis and not on a production basis. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, this measure, along with sales, is a key indicator of the Company&#8217;s ability to generate operating earnings and cash flow from its mining operations. This measure allows investors to better evaluate corporate performance and the Company's ability to generate liquidity through operating cash flow to fund future capital exploration and working capital needs. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">This measure is intended to provide additional information only and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. This measure is not necessarily indicative of cash generated from operations under IFRS or operating costs presented under IFRS.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Total cash cost figures are 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. Total cash costs include mine site operating costs such as mining, processing and administration costs, royalties, and production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs are then divided by gold equivalent ounces sold to arrive at the total cash costs per equivalent ounce sold.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In addition to gold, the Company produces copper and silver. Gold equivalent ounces of copper and silver produced or sold in a quarter are computed using a consistent ratio of copper and silver prices to the gold price and multiplying this ratio by the pounds of copper and silver ounces produced or sold during that quarter.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Notwithstanding the impact of copper and silver sales, as the Company is 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. New Gold believes this metric is of interest to its investors, who invest in the Company primarily as a gold mining business. To determine the relevant costs associated with gold </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">26&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">equivalent ounces, New Gold believes it is appropriate to reflect all operating costs incurred in its operations.</font></div><div><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Sustaining Capital and Sustaining Lease</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#34;Sustaining capital&#34; and &#34;sustaining lease&#34; are non-GAAP financial performance measures that do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. New Gold defines &#34;sustaining capital&#34; as net capital expenditures that are intended to maintain operation of its gold producing assets. Similarly, a &#34;sustaining lease&#34; is a lease payment that is sustaining in nature. To determine &#34;sustaining capital&#34; expenditures, New Gold uses cash flow related to mining interests from its consolidated statement of cash flows and deducts any expenditures that are capital expenditures to develop new operations or capital expenditures related to major projects at existing operations where these projects will materially increase production. Management uses &#34;sustaining capital&#34; and &#34;sustaining lease&#34; to understand the aggregate net result of the drivers of all-in sustaining costs other than total cash costs. These measures are intended to provide additional information only and should not be considered in isolation or as substitutes for measures of performance prepared in accordance with IFRS. </font></div><div><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Growth Capital</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#34;Growth capital&#34; is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. New Gold considers 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 &#34;growth capital&#34; expenditures, New Gold uses cash flow related to mining interests from its consolidated statement of cash flows and deducts any expenditures that are capital expenditures that are intended to maintain operation of its gold producing assets. Management uses &#34;growth capital&#34; to understand the cost to develop new operations or related to major projects at existing operations where these projects will materially increase production. This measure is intended to provide additional information only and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. </font></div><div><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">All-in Sustaining Costs per Gold Equivalent Ounce</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;All-in sustaining costs per gold equivalent ounce&#8221; is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. New Gold calculates &#34;all-in sustaining costs per gold equivalent ounce&#34; based on guidance announced by the World Gold Council (&#8220;WGC&#8221;) in September 2013. The WGC is a non-profit association of the world&#8217;s leading gold mining companies established in 1987 to promote the use of gold to industry, consumers and investors. The WGC is not a regulatory body and does not have the authority to develop accounting standards or disclosure requirements.  The WGC has worked with its member companies to develop a measure that expands on IFRS measures to provide visibility into the economics of a gold mining company. Current IFRS measures used in the gold industry, such as operating expenses, do not capture all of the expenditures incurred to discover, develop and sustain gold production. New Gold believes that &#34;all-in sustaining costs per gold equivalent ounce&#34; provides further transparency into costs associated with producing gold and will assist analysts, investors, and other stakeholders of the Company in assessing its operating performance, its ability to generate free cash flow from current operations and its overall value. In addition, the Human Resources and Compensation </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">27&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Committee of the Board of Directors uses &#34;all-in sustaining costs&#34;, together with other measures, in its Company scorecard to set incentive compensation goals and assess performance.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#34;All-in sustaining costs per gold equivalent ounce&#34; is intended to provide additional information only and 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. The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Gold defines &#34;all-in sustaining costs per gold equivalent ounce&#34; 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 total gold equivalent ounces sold to arrive at a per ounce figure. The &#8220;Sustaining Capital Expenditure Reconciliation&#8221; table below reconciles New Gold&#8217;s sustaining capital to its cash flow statement.  The definition of sustaining versus non-sustaining is similarly applied to capitalized and expensed exploration costs and lease payments. Exploration costs and lease payments to develop new operations or that relate to major projects at existing operations where these projects are expected to materially increase production are classified as non-sustaining and are excluded.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Gold equivalent ounces of copper and silver produced or sold in a quarter are computed using a consistent ratio of copper and silver prices to the gold price and multiplying this ratio by the pounds of copper and silver ounces produced or sold during that quarter.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Costs excluded from all-in sustaining costs are non-sustaining capital expenditures, non-sustaining lease payments and exploration costs, financing costs, tax expense, and transaction costs associated with mergers, acquisitions and divestitures, and any items that are deducted for the purposes of adjusted earnings.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">28&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Cash Costs and All-in Sustaining Costs per Gold Equivalent Ounce Reconciliation Tables</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following tables reconcile each of the non-GAAP financial performance measures described above to the most directly comparable IFRS measure on an aggregate and mine-by-mine basis.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.237%"><tr><td style="width:1.0%"></td><td style="width:44.740%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.443%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">CONSOLIDATED OPEX, CASH COST AND AISC RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">99.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">92,634</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,196&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247,678</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293,235&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses per gold equivalent ounce sold ($&#47;ounce)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(10)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,069</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">915&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,106</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">947&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">99.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Treatment and refining charges on concentrate sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cash costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">103.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">93.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">283.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">92,634</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,196&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247,678</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293,235&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cash costs per gold equivalent ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,114</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">966&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,143</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,001&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sustaining capital expenditures</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)(5)(7) </font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">39.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">31.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">148.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">113.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sustaining exploration - expensed</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sustaining leases</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Corporate G&#38;A including share-based compensation</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(6)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">15.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total all-in sustaining costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">151.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">136.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">464.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">440.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">92,634</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,196&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">247,678</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293,235&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">All-in sustaining costs per gold equivalent ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,637</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,408&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,875</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,503&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify;text-indent:9pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">29&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify;text-indent:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:44.562%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.484%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.484%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.484%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.486%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">RAINY RIVER OPEX, CASH COSTS AND AISC RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">54.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">161.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">165.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">56,932</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57,800&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">165,396</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168,682&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses per unit of gold sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">955</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">960&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">973</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">979&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Operating expenses</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">54.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">55.5</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:133%">161.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">165.2</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cash costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">54.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">161.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">165.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold equivalent ounces sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">56,932</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57,800&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">165,396</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168,682&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cash costs per gold equivalent ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">955</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">960&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">973</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">979&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sustaining capital expenditures</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)(5)(7)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">100.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">69.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sustaining leases</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">7.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total all-in sustaining costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">84.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">274.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">247.9&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">56,932</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57,800&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">165,396</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168,682&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">All-in sustaining costs per gold equivalent ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,483</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,307&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,662</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,470&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:9pt"><font><br></font></div><div style="text-align:justify;text-indent:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:44.562%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.484%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.484%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.484%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.486%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">NEW AFTON OPEX, CASH COSTS AND AISC RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">44.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">113.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">112.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">35,702</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,395&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">82,282</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124,553&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses per unit of gold sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,250</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">849&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,374</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">904&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">44.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">113.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">112.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Treatment and refining charges on concentrate sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cash costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">49.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38.0&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">122.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">128.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">35,702</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,395&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">82,282</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124,553&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cash costs per gold equivalent ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,367</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">974&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,485</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,030&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sustaining capital expenditures</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(2)(5)(7) </font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">48.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sustaining leases</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reclamation expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total all-in sustaining costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">63.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">172.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">175.0&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gold equivalent ounces sold </font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">35,702</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,395&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">82,282</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">124,553&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">All-in sustaining costs per gold equivalent ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,769</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,423&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,101</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,403&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="text-align:justify;text-indent:3.8pt"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">30&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Sustaining Capital Expenditures Reconciliation</font><font style="background-color:#ffffff;color:#70665c;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:140%"> </font><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Table</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.557%"><tr><td style="width:1.0%"></td><td style="width:44.916%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">TOTAL SUSTAINING CAPITAL EXPENDITURES</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mining interests per consolidated statement of cash flows</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(69.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(55.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(221.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(189.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">New Afton growth capital expenditures</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(8)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(24.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(18.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(58.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(65.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Rainy River growth capital expenditures</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(8)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(6.0)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Sustaining capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(39.6)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(32.3)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(149.5)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(114.4)</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">31&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Open Pit Net Mining Cost per Operating Tonne Mined, Underground Net Mining Costs per Operating Tonne Mined, Processing Costs per Tonne Processed and G&#38;A Cost per Tonne Processed</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;Open pit net mining cost per operating tonne mined,&#8221; &#8220;underground net mining costs per operating tonne mined,&#8221; &#8220;processing costs per tonne processed&#8221; and &#8220;G&#38;A cost per tonne processed&#8221; are non-GAAP financial measures with no standard meaning under IFRS. &#34;Open pit net mining cost per operating tonne mined&#34;, &#34;underground net mining costs per operating tonne mined&#34;, &#34;processing costs per tonne processed&#34;, &#34;G&#38;A costs per tonne processed&#34; are defined as operating expenses less change in inventories, selling costs, royalties and other non production costs, as these costs are not directly related to tonnes mined or milled, and then dividing the residual respective mining, processing or G&#38;A costs by tonnage of ore mined or processed. New Gold believes this non-GAAP financial measure provides further transparency and assists analysts, investors and other stakeholders of the Company in assessing the performance of mining operations by eliminating the impact of varying production levels. This measure does 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 following tables reconcile this non-GAAP measure to the most directly comparable IFRS measure on an aggregate and mine-by-mine basis.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.275%"><tr><td style="width:1.0%"></td><td style="width:44.204%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.573%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.573%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.573%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.577%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">RAINY RIVER COST PER TONNE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">54.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">161.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">165.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Change in inventory, selling costs and royalties and other</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.2)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Production costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">54.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">62.3&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">146.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">167.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mining costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">24.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34.9&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Processing costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">65.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Site G&#38;A costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore and operating waste tonnes mined (thousands of tonnes)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6,364</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,984&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14,232</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">31,875&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore processed (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,248</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,323&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6,558</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,996&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Open pit net mining cost per operating tonne mined ($&#47;tonne)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.86</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.69&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.88</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.78&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Processing costs per tonne processed ($&#47;tonne)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.57</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8.54&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.96</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.97&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">G&#38;A cost per tonne processed ($&#47;tonne)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.60</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.28&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.92</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.30&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">32&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.557%"><tr><td style="width:1.0%"></td><td style="width:44.916%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">NEW AFTON COST PER TONNE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">44.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">113.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">112.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Change in inventory, ore purchase costs, selling costs and royalties and other</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(17.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Production costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">29.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">95.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mining costs</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">12.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.0&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">41.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48.5&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Processing costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">12.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">39.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Site G&#38;A costs</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore and operating waste tonnes mined (thousands of tonnes)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">489</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,100&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,502</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,323&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore processed (thousands of tonnes)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">714</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,202&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,685</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,678&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Underground net mining costs per operating tonne mined ($&#47;tonne)</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">25.74</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.74&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">27.58</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14.59&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Processing costs per tonne processed ($&#47;tonne)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">17.83</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.09&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.77</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.58&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">G&#38;A cost per tonne processed ($&#47;tonne)</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">6.28</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.35&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">5.33</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.25&#160;</font></td><td style="border-bottom:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:18pt;text-indent:9pt"><font><br></font></div><div style="margin-bottom:3pt"><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Adjusted Net Earnings and Adjusted Net Earnings per Share </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;Adjusted net earnings&#8221; and &#8220;adjusted net earnings per share&#8221; are non-GAAP financial performance measures that do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. &#34;Adjusted net earnings&#34; and &#34;adjusted net earnings per share&#34; excludes &#34;loss on repayment of long-term debt&#34; and &#8220;other gains and losses&#8221; as per Note 3 of the Company&#8217;s consolidated financial statements. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Net earnings have been adjusted, including the associated tax impact, for loss on repayment of long-term debt and the group of costs in &#8220;Other gains and losses&#8221; on the condensed consolidated income statements. Key entries in this grouping are&#58; </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">the fair value changes for the gold stream obligation, fair value changes for the free cash flow interest obligation, fair value changes for copper price option contracts, foreign exchange gains&#47;loss and fair value changes in investments. </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The income tax adjustments reflect the tax impact of the above adjustments and is referred to as &#34;adjusted tax expense&#34;</font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">  </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company uses &#34;adjusted net earnings&#34; for its own internal purposes. Management&#8217;s internal budgets and forecasts and public guidance do not reflect the items which have been excluded from the determination of &#34;adjusted net earnings&#34;. Consequently, the presentation of &#34;adjusted net earnings&#34; enables investors to better understand the underlying operating performance of the Company's core mining business through the eyes of management. Management periodically evaluates the components of &#34;adjusted net earnings&#34; based on an internal assessment of performance measures that are useful for evaluating the operating performance of New Gold's business and a review of the non-GAAP financial performance measures used by mining industry analysts and other mining companies. &#34;Adjusted net earnings&#34; and &#34;adjusted net earnings per share&#34; are intended to provide additional information only and should not be considered in isolation or as substitutes for measures of performance prepared in accordance with IFRS. These measures are not necessarily indicative of operating profit or cash flows from operations as determined under IFRS. The following table reconciles these non-GAAP financial performance measures to the most directly comparable IFRS measure. </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">33&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.694%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.203%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ADJUSTED NET (LOSS) EARNINGS RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Loss) earnings before taxes</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(15.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(59.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other losses</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:133%;position:relative;top:-3.15pt;vertical-align:baseline">(9)</font></div></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">33.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss on repayment of long-term debt</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">4.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted net (loss) earnings before taxes</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(14.9)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27.1&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(22.4)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">69.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax recovery (expense)</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">11.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">9.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax adjustments</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(10.2)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.2)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted income tax recovery (expense)</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">2</font></div></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.7)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.4)</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted net (loss) earnings</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13.4)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.4&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(19.8)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted net (loss) earnings per share (basic and diluted) ($&#47;share)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.02)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.03&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.03)</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.09&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Cash Generated from Operations, before Changes in Non-Cash Operating Working Capital</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;Cash generated from operations, before changes in non-cash operating working capital&#8221; is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies. &#34;Cash generated from operations, before changes in non-cash operating working capital&#34; excludes changes in non-cash operating working capital. New Gold believes this non-GAAP financial measure provides further transparency and assists analysts, investors and other stakeholders of the Company in assessing the Company&#8217;s ability to generate cash from its operations before temporary working capital changes.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Cash generated from operations, before non-cash changes in working capital is intended to provide additional information only and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. This measure is not necessarily indicative of operating profit or cash flows from operations as determined under IFRS. The following table reconciles this non-GAAP financial performance measure to the most directly comparable IFRS measure.</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.694%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.203%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#0070c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CASH RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">158.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in non-cash operating working capital</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(10.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(21.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations, before changes in non-cash operating working capital</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">43.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81.3&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">137.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">229.8&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">34&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div><font style="background-color:#ffffff;color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Free Cash Flow</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;Free cash flow&#8221; is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. New Gold defines &#34;free cash flow&#34; as cash generated from operations and proceeds of sale of other assets less capital expenditures on mining interests, lease payments, settlement of non-current derivative financial liabilities which include the gold stream obligation and the Ontario Teachers&#8217; Pension Plan free cash flow interest. New Gold believes this non-GAAP financial performance measure provides further transparency and assists analysts, investors and other stakeholders of the Company in assessing the Company's ability to generate cash flow from current operations. &#34;Free cash flow&#34; is intended to provide additional information only and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. This measure is not necessarily indicative of operating profit or cash flows from operations as determined under IFRS. The following tables reconcile this non-GAAP financial performance measure to the most directly comparable IFRS measure on an aggregate and mine-by-mine basis.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.319%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September  30, 2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Other</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FREE CASH FLOW RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">38.5</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">17.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Mining interest capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(31.8)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(38.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(69.9)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Add Proceeds of sale from other assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.6</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Lease payments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.5)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Cash settlement of non-current derivative financial liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(5.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free Cash Flow</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(20.3)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(2.7)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(23.6)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.319%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three months ended September 30, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Other</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FREE CASH FLOW RECONCILIATION</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Mining interest capital expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(19.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(36.0)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(55.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Add Proceeds of sale from other assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Lease payments</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Cash settlement of non-current derivative financial liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free Cash Flow</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.1)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.8)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">35&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.319%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended  September 30, 2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Other</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FREE CASH FLOW RECONCILIATION</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">153.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(17.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">158.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Mining interest capital expenditures</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(114.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(107.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(221.6)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Add Proceeds of sale from other assets</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">0.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Lease payments</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.1)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(0.3)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(7.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Cash settlement of non-current derivative financial liabilities</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(18.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(12.4)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(30.7)</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free Cash Flow</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">14.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(96.4)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(18.0)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(100.2)</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.319%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine months ended September 30, 2021</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Rainy River</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">New Afton</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Other</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">FREE CASH FLOW RECONCILIATION</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated from operations</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(19.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">217.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Mining interest capital expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(79.0)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(110.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(189.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Add Proceeds of sale from other assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Lease payments</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8.0)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Less Cash settlement of non-current derivative financial liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(25.7)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free Cash Flow</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20.2)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.2)</font></td><td style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">36&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Average Realized Price </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">&#8220;Average realized price per ounce of gold sold&#8221; is a non-GAAP financial performance measure that does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies. Management uses this measure to better understand the price realized in each reporting period for gold sales. &#8220;Average realized price per ounce of gold sold&#8221; is intended to provide additional information only and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The following tables reconcile this non-GAAP financial performance measure to the most directly comparable IFRS measure on an aggregate and mine-by-mine basis.</font></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:46.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.042%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">TOTAL AVERAGE REALIZED PRICE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue from gold sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">117.2</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">345.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">352.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Treatment and refining charges on gold concentrate sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gross revenue from gold sales</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">118.9</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">119.6&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">349.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">356.7&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ounces sold</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">68,816</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,982&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">190,641</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">198,705&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total average realized price per gold ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,727</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,788&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,831</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,798&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:46.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.042%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">RAINY RIVER AVERAGE REALIZED PRICE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue from gold sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">95.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">296.0</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">291.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ounces sold</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">55,421</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">55,597&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">161,573</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">162,454&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rainy River average realized price per gold ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,729</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,788&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,832</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,797&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.694%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.203%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#2bb7df;padding:0 1pt"></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Three months ended September 30</font></td><td colspan="6" style="background-color:#2bb7df;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Nine months ended September 30</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions of U.S. dollars, except where noted)</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="background-color:#e5f8fc;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#005b94;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">NEW AFTON AVERAGE REALIZED PRICE</font></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"></td><td colspan="3" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:1pt solid #b3995d;padding:0 1pt"><div style="text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenue from gold sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21.4</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">49.8</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">60.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Treatment and refining charges on gold concentrate sales</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1.7</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3.3</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gross revenue from gold sales</font></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">23.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20.2&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">53.1</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">64.8&#160;</font></td><td style="border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold ounces sold</font></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">13,395</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,385&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#e5f8fc;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">29,068</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,251&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">New Afton average realized price per gold ounce sold ($&#47;ounce)</font></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,721</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,789&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,825</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#e5f8fc;border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,803&#160;</font></td><td style="border-bottom:1pt solid #b3995d;border-top:1pt solid #b3995d;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">37&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_46"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">ENTERPRISE</font><font style="background-color:#ffffff;color:#70665c;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%"> </font><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">RISK MANAGEMENT AND RISK FACTORS</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is subject to various financial and other risks that could materially adversely affect the Company&#8217;s future business, operations and financial condition. For a comprehensive discussion of these and other risks facing the Company, please refer to the section entitled &#8220;Risk Factors&#8221; in the Company&#8217;s most recent Annual Information Form and the section entitled &#8220;Enterprise Risk Management&#8221; in the Company&#8217;s Management&#8217;s Discussion and Analysis for the year ended December 31, 2021, both of which are filed on SEDAR at www.sedar.com. There were no significant changes to those risks or to the Company&#8217;s management of exposure to those risks for the three months ended September&#160;30, 2022.</font></div><div id="i7554bca7c492474585f510a83f70bb11_49"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">CRITICAL JUDGMENTS AND ESTIMATION UNCERTAINTIES</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The preparation of the Company&#8217;s consolidated financial statements in conformity with IFRS requires the Company&#8217;s management to make judgments, estimates and assumptions about the future events that affect the amounts reported in the consolidated financial statements and related notes to the financial statements. Estimates and assumptions are continually evaluated and are based on management&#8217;s experience and other facts and circumstances. Revisions to estimates and the resulting effects on the carrying amounts of the Company&#8217;s assets and liabilities are accounted for prospectively.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The areas which require management to make significant judgments, estimates and assumptions in determining carrying values are described in Note 3 of the Company&#8217;s audited consolidated financial statements for the year ended December 31, 2021.</font></div><div id="i7554bca7c492474585f510a83f70bb11_52"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">ACCOUNTING POLICIES</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's significant accounting policies and future changes in accounting policies are presented in the audited consolidated financial statements for the year ended December 31, 2021 and have been consistently applied in the preparation of the unaudited condensed consolidated financial statements.</font></div><div id="i7554bca7c492474585f510a83f70bb11_55"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">CONTROLS AND PROCEDURES</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#00b0f0;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Disclosure Controls and Procedures</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company&#8217;s management, under the supervision of its President and Chief Executive Officer and its Chief Financial Officer, has evaluated the effectiveness of the Company&#8217;s disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (&#8220;Exchange Act&#8221;) and in National Instrument 52-109 &#8211; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Certification of Disclosure in Issuers&#8217; Annual and Interim Filings</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">, as of December 31, 2021. Based on that evaluation, the Company&#8217;s President and Chief Executive Officer and Chief Financial Officer have concluded that, as of December 31, 2021, the Company&#8217;s disclosure controls and procedures were effective to provide reasonable assurance that the information required to be disclosed by the Company in reports it files is recorded, processed, summarized and reported, within the appropriate time periods.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#00b0f0;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Internal Controls over Financial Reporting</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">New Gold&#8217;s management, with the participation of its President and Chief Executive Officer and its Chief Financial Officer, is responsible for establishing and maintaining adequate internal controls over financial reporting. Internal controls over financial reporting is a process designed by, or under the supervision of, the Company&#8217;s principal executive and principal financial officers and effected by the Company&#8217;s Board of Directors, management and other personnel, to provide reasonable assurance regarding the reliability of </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">38&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">financial reporting and the preparation of financial statements for external purposes in accordance with IFRS. New Gold&#8217;s management assessed the effectiveness of the Company&#8217;s internal controls over financial reporting as of December 31, 2021 based on the Integrated Framework (2013) issued by the Committee of Sponsoring Organization of the Treadway Commission and has concluded that New Gold&#8217;s internal controls over financial reporting are effective as of December 31, 2021.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The effectiveness of the Company&#8217;s internal controls over financial reporting as of December 31, 2021 has been audited by Deloitte LLP, the Company&#8217;s independent registered public accounting firm, as stated in their report immediately preceding the Company&#8217;s audited consolidated financial statements for the year ended December 31, 2021.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#00b0f0;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Limitations of Controls and Procedures</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company&#8217;s management, including its President and Chief Executive Officer and its Chief Financial Officer, believe that any internal controls and procedures for financial reporting, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations of all control systems, they cannot provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been prevented and&#47;or detected. These inherent limitations include the realities that judgments in decision-making can be faulty and breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by unauthorized override control. The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Accordingly, because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and may not be detected. </font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#00b0f0;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Changes in Internal Controls over Financial Reporting</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">There has been no change in the Company&#8217;s design of internal controls and procedures over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company&#8217;s internal controls over financial reporting during the period covered by this MD&#38;A.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">39&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><div id="i7554bca7c492474585f510a83f70bb11_58"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">ENDNOTES</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">Total gold eq. ounces include silver and copper produced&#47;sold converted to a gold equivalent. All copper is produced&#47;sold by the New Afton Mine. Gold eq. ounces for Rainy River in Q3 2022 includes production of 120,000 ounces of silver (113,306 ounces sold) converted to a gold eq. based on a ratio of $1,800 per gold ounce and $24.00 per silver ounce used for 2022 guidance estimates. Gold eq. ounces for New Afton in Q3 2022 includes 8.5 million pounds of copper produced (9.9 million pounds sold) and 22,672 ounces of silver produced (30,623 ounces of silver sold) converted to a gold eq. based on a ratio of $1,800 per gold ounce, $4.00 per copper pound and $24.00 per silver ounce used for 2022 guidance estimates. </font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">&#34;Total cash costs&#34;, &#34;all-in sustaining costs&#34; (or &#34;AISC&#34;), &#34;adjusted net earnings&#47;(loss)&#34;, &#34;adjusted tax expense&#34;, &#34;sustaining capital and </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">sustaining leases&#8221;,</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> &#8220;growth capital&#8221;, &#8220;average realized gold&#47;copper price per ounce&#47;pound&#8221;, &#34;open pit net mining cost per operating tonne mined&#34;, &#34;underground net mining costs per operating tonne mined&#34;, &#34;processing costs per tonne processed&#34;, &#34;G&#38;A costs per tonne processed&#34;, &#34;cash generated from operations before changes in non-cash operating working capital&#34; and &#34;free cash flow&#34; are all non-GAAP financial performance measures that are used in this MD&#38;A. These measures do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. For more information about these measures, why they are used by the Company, and a reconciliation to the most directly comparable measure under IFRS, see the &#8220;Non-GAAP Financial Performance Measures&#34; section of this MD&#38;A starting on page 26.</font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">3.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">Production is shown on a total contained basis while sales are shown on a net payable basis, including final product inventory and smelter payable adjustments, where applicable. </font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">4.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">A detailed discussion of production is included in the &#8220;Review of Operating Mines&#8221; section of this MD&#38;A starting on page 15.</font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">5.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">See &#8220;Sustaining Capital Expenditures Reconciliation Table&#8221; for a reconciliation of sustaining capital expenditures to mining interests per the consolidated statement of cash flows. </font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">6.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">Includes the sum of corporate administration costs and share-based payment expense per the income statement, net of any non-cash depreciation within those figures.</font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">7.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">Sustaining capital expenditures are net of proceeds from disposal of assets.</font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">8.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">Growth capital expenditures at New Afton in the current period and prior-year period relate to project advancement for the C-Zone. Growth capital expenditures at Rainy River in the current and prior period relate to underground development.</font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">9.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:5.67pt">Please refer to Note 3 of the Company&#8217;s unaudited condensed consolidated interim financial statements for a detailed breakdown of other gains and losses.</font></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify;text-indent:-14pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">10.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:0.11pt"> These are supplementary financial measures which are calculated as follows&#58; &#34;revenue per ounce&#47;pound&#34; is total revenue divided by total gold ounces sold and copper pounds sold, &#34;Operating expenses per gold eq. ounce&#34; is total operating expenses divided by total gold equivalent ounces sold </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">40&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;padding-left:13.5pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">and &#34;depreciation and depletion per gold eq. ounce&#34; is total depreciation and depletion divided by total gold equivalent ounces sold.</font></div><div id="i7554bca7c492474585f510a83f70bb11_61"></div><div style="margin-bottom:4pt;margin-top:12pt;text-align:justify"><font style="background-color:#ffffff;color:#2bb7df;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:140%">CAUTIONARY NOTES</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Mineral Resources</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Disclosure regarding Mineral Reserve and Mineral Resource estimates included in this MD&#38;A was prepared in accordance with Canadian National Instrument 43-101 &#8211; Standards of Disclosure for Mineral Projects (&#8220;NI 43-101&#8221;). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the United States Securities and Exchange Commission (&#8220;SEC&#8221;) generally applicable to U.S. companies. For example, the terms &#8220;mineral reserve&#8221;, &#8220;proven mineral reserve&#8221;, &#8220;probable mineral reserve&#8221;, &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;, &#8220;indicated mineral resource&#8221; and &#8220;inferred mineral resource&#8221; are defined in NI 43-101. These definitions differ from the definitions in the disclosure requirements promulgated by the SEC. Accordingly, information contained in this MD&#38;A will not be comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Cautionary Note Regarding Forward-Looking Statements</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Certain information contained in this MD&#38;A, including any information relating to New Gold&#8217;s future financial or operating performance are &#8220;forward-looking&#8221;. All statements in this MD&#38;A, 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 MD&#38;A include, among others, statements with respect to&#58; the ongoing ramp up of mining the open pit main ODM zone in the fourth quarter&#59; feeding the mill at Rainy River with higher grade Intrepid underground material in the near term&#59; ramp-up B3 production during the fourth quarter as well as advancing C-Zone development at New Afton&#59; expected timing for initial C-Zone production&#59; mining all of the remaining glacial till waste stripping at Rainy River beginning in the fourth quarter&#59; the ongoing ramp up of Intrepid zone underground production and mining the main ODM zone over the coming months at Rainy River&#59; expectations regarding the strip ratio for the remainder of the year and open pit life at Rainy River&#59; anticipated timing for completion of North Lobe open pit mining&#59; and projected mining rates at New Afton and the timing thereof&#59; the continuation of prevailing commodity prices and exchange rates, and the continuation of operations performing in accordance with mine plans&#59; the Company&#8217;s ability to implement its near-term operational plan and to repay future indebtedness&#59; the Company&#8217;s expectations regarding its liquidity position and its ability to fund its business objectives&#59; the anticipated timing with respect to the Company&#8217;s contractual commitments becoming due&#59; the sufficiency of the Company&#8217;s financial performance measures in evaluating the underlying performance of the Company&#59; expectations regarding the management and mitigation of risk factors and the possible impacts on the Company&#59; the Company&#8217;s continued focus on the health, safety and well-being of its people&#59; and the Company&#8217;s ability to reduce the risk of the spread of COVID-19.</font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">41&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">All forward-looking statements in this MD&#38;A 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 MD&#38;A, its most recent Annual Information Form and NI 43-101 Technical Reports on the Rainy River Mine and New Afton Mine filed on SEDAR 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 MD&#38;A are also subject to the following assumptions&#58; (1) there being no significant disruptions affecting New Gold&#8217;s operations other than as set out herein&#59; (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&#59; (3) the accuracy of New Gold&#8217;s current mineral reserve and mineral resource estimates and the grade of gold, silver and copper expected to be mined&#59; (4) the exchange rate between the Canadian dollar and U.S. dollar, and to a lesser extent, the Mexican Peso, and commodity prices being approximately consistent with current levels and expectations&#59; (5) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with current levels&#59; (6) equipment, labour and materials costs increasing on a basis consistent with New Gold&#8217;s current expectations&#59; (7) arrangements with First Nations and other Indigenous groups in respect of the New Afton Mine and Rainy River Mine being consistent with New Gold&#8217;s current expectations&#59; (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 or obstacles during the applicable regulatory processes&#59; (9) there being no significant disruptions to the Company&#8217;s workforce at either the Rainy River Mine or New Afton Mine due to cases of COVID-19 (including any required self-isolation due to cross-border travel, exposure to a case of COVID-19 or any other reason) or otherwise&#59; (10) the responses of the relevant governments to the COVID-19 outbreak being sufficient to contain the impact of the COVID-19 outbreak&#59; (11) there being no material disruption to the Company's supply chains and workforce that would interfere with the Company's anticipated course of action at the New Afton Mine and Rainy River Mine&#59; 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.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">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&#58; price volatility in the spot and forward markets for metals and other commodities&#59; discrepancies between actual and estimated production, between actual and estimated costs, between actual and estimated Mineral Reserves and Mineral Resources and between actual and estimated metallurgical recoveries&#59; equipment malfunction, failure or unavailability&#59; accidents&#59; 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&#59; 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, including, but not limited to&#58; obtaining the necessary permits for the New Afton C-Zone&#59; uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the C-Zone permitting process&#59; changes in project parameters as plans continue to be refined&#59; changing costs, timelines and development schedules as it relates to construction&#59; the Company not being able to complete its construction projects at the Rainy </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">42&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">River Mine or the New Afton Mine on the anticipated timeline or at all&#59; volatility in the market price of the Company&#8217;s securities&#59; changes in national and local government legislation in the countries in which New Gold does or may in the future carry on business&#59; controls, regulations and political or economic developments in the countries in which New Gold does or may in the future carry on business&#59; the Company&#8217;s dependence on the Rainy River Mine and New Afton Mine&#59; the Company not being able to complete its exploration drilling programs on the anticipated timeline or at all&#59; disruptions to the Company&#8217;s workforce at either the Rainy River Mine or the New Afton Mine, or both, due to cases of COVID-19 or any required self-isolation (due to cross-border travel, exposure to a case of COVID-19 or otherwise)&#59; the responses of the relevant governments to the COVID-19 outbreak not being sufficient to contain the impact of the COVID-19 outbreak&#59; disruptions to the Company&#8217;s supply chain and workforce due to the COVID-19 outbreak&#59; 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&#59; there being further shutdowns at the Rainy River Mine or New Afton Mine&#59; significant capital requirements and the availability and management of capital resources&#59; additional funding requirements&#59; diminishing quantities or grades of Mineral Reserves and Mineral Resources&#59; actual results of current exploration or reclamation activities&#59; uncertainties inherent to mining economic studies including the Technical Reports for the Rainy River Mine and New Afton Mine&#59; impairment&#59; unexpected delays and costs inherent to consulting and accommodating rights of First Nations and other indigenous groups&#59; climate change, environmental risks and hazards and the Company&#8217;s response thereto&#59; tailings dam and structure failures&#59; actual results of current exploration or reclamation activities&#59; 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&#59; global economic and financial conditions and any global or local natural events that may impede the economy or New Gold&#8217;s ability to carry on business in the normal course&#59; compliance with debt obligations and maintaining sufficient liquidity&#59; taxation&#59; fluctuation in treatment and refining charges&#59; transportation and processing of unrefined products&#59; rising costs or availability of labour, supplies, fuel and equipment&#59; adequate infrastructure&#59; relationships with communities, governments and other stakeholders&#59; geotechnical instability and conditions&#59; labour disputes&#59; the uncertainties inherent in current and future legal challenges to which New Gold is or may become a party&#59; defective title to mineral claims or property or contests over claims to mineral properties&#59; competition&#59; loss of, or inability to attract, key employees&#59; use of derivative products and hedging transactions&#59; counterparty risk and the performance of third party service providers&#59; investment risks and uncertainty relating to the value of equity investments in public companies held by the Company from time to time&#59; the adequacy of internal and disclosure controls&#59; conflicts of interest&#59; the lack of certainty with respect to foreign operations and 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&#59; the successful acquisitions and integration of business arrangements and realizing the intended benefits therefrom&#59; and information systems security threats. In addition, there are risks and hazards associated with the business of mineral exploration, development, construction, operation and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (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 and other disclosure documents filed on and available on SEDAR 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 MD&#38;A are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">43&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:justify"><img alt="newgoldlogoandborder.jpg" src="newgoldlogoandborder.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:559px"></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#005b94;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:140%">Technical Information</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The scientific and technical information in this MD&#38;A has been reviewed and approved by Patrick Godin, Executive Vice President and Chief Operating Officer of New Gold. Mr. Godin is a Professional Engineer and member of the Ordre des ing&#233;nieurs du Qu&#233;bec. Mr. Godin is a &#34;Qualified Person&#34; for the purposes of NI 43-101. To the Company&#8217;s knowledge, Mr. Godin holds less than 1% of the outstanding securities of the Company. </font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:-1.62pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">44&#160;&#160;&#160;&#160;WWW.NEWGOLD.COM   TSX&#58;NGD  NYSE American&#58;NGD</font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div><div style="padding-right:-1.62pt;text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>ceoq3interimfilingconformed.htm
<DESCRIPTION>EX-99.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="i42bdbf5ea2fc470bb90ddef8ef479583_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">Form 52-109F2</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Certification of Interim Filings</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Full Certificate</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"><br>I, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Renaud Adams, Chief Executive Officer </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:148%">of</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%"> New Gold Inc.,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> certify the following&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.359%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.021%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.981%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:74.239%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">1.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Review&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">I have reviewed the interim financial report and interim management discussion and analysis (&#8220;MD&#38;A&#8221;) (collectively, the &#8220;interim filings&#8221;) of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">New Gold Inc.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> (the &#8220;issuer&#8221;) for the interim period ended </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">September</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">30, 2022</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">2.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">No misrepresentations&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">3.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Fair presentation&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">4.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Responsibility&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">The issuer&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (&#8220;DC&#38;P&#8221;) and internal control over financial reporting (&#8220;ICFR&#8221;), as those terms are defined in National Instrument 52-109 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:148%">Certification of Disclosure in Issuers&#8217; Annual and Interim Filings,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> for the issuer.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Design&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">  Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&#8217;s other certifying officer(s) and I have, as at the end of the period covered by the interim filings&#58;</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(a)</font></td><td colspan="6" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">designed DC&#38;P, or caused it to be designed under our supervision, to provide reasonable assurance that&#58;</font></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(i)</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared&#59; and</font></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(ii)</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation&#59; and</font></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.359%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.021%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:80.320%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(b)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&#8217;s GAAP.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.1</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Control framework</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">&#58;  The control framework the issuer&#8217;s other certifying officer(s) and I used to design the issuer&#8217;s ICFR is </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Internal Control</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> &#8211; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Integrated</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Framework published by the Committee of Sponsoring Organizations of the Treadway Commission</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.2</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">ICFR &#8211; material weakness relating to design&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">None</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.3</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Limitation on scope of design&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">None</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">6.</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Reporting changes in ICFR&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">The issuer has disclosed in its interim MD&#38;A any change in the issuer&#8217;s ICFR that occurred during the period beginning on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">July 1, 2022</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">and ended on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">September 30, 2022 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s ICFR.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:55.054%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:3pt;margin-top:6pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:128%">November 2, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:100%">&#47;s&#47; Renaud Adams</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Renaud Adams</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Chief Executive Officer</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>cfoq3interimfilingconformed.htm
<DESCRIPTION>EX-99.4
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="ia7aa385bf0ed43f5bb19d4fda4d135ce_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">Form 52-109F2</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Certification of Interim Filings</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Full Certificate</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"><br>I, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Robert Chausse, Chief Financial Officer </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:148%">of</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%"> New Gold Inc.,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> certify the following&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.359%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.021%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.981%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:74.239%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">1.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Review&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">I have reviewed the interim financial report and interim management discussion and analysis (&#8220;MD&#38;A&#8221;) (collectively, the &#8220;interim filings&#8221;) of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">New Gold Inc.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> (the &#8220;issuer&#8221;) for the interim period ended</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">September 30, 2022</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">2.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">No misrepresentations&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">3.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Fair presentation&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">4.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Responsibility&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">The issuer&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (&#8220;DC&#38;P&#8221;) and internal control over financial reporting (&#8220;ICFR&#8221;), as those terms are defined in National Instrument 52-109 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:148%">Certification of Disclosure in Issuers&#8217; Annual and Interim Filings,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> for the issuer.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Design&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">  Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&#8217;s other certifying officer(s) and I have, as at the end of the period covered by the interim filings&#58;</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(a)</font></td><td colspan="6" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">designed DC&#38;P, or caused it to be designed under our supervision, to provide reasonable assurance that&#58;</font></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(i)</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared&#59; and</font></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(ii)</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation&#59; and</font></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.359%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.021%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:80.320%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(b)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&#8217;s GAAP.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.1</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Control framework</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">&#58;  The control framework the issuer&#8217;s other certifying officer(s) and I used to design the issuer&#8217;s ICFR is </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Internal Control</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%"> &#8211; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Integrated</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Framework published by the Committee of Sponsoring Organizations of the Treadway Commission</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.2</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">ICFR &#8211; material weakness relating to design&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">None</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">5.3</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Limitation on scope of design&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">None</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">6.</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:148%">Reporting changes in ICFR&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">The issuer has disclosed in its interim MD&#38;A any change in the issuer&#8217;s ICFR that occurred during the period beginning on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">July 1, 2022 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">and ended on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:148%">September 30, 2022 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:148%">that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s ICFR.</font></div></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.987%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:59.308%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">November 2, 2022</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:100%">&#47;s&#47; Robert Chausse</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Robert Chausse</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Chief Financial Officer</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>fscoversheet-2022q3001.jpg
<TEXT>
begin 644 fscoversheet-2022q3001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" 55!!\# 2(  A$! Q$!_\0
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M@HHHH&%%%% @HHHH&%%%% !1110(****!A1110(****!A1110 4444 %%%%
M!1110(****!A1110 4444""BBB@84444 %%%% !1110 4444 %%%% !1110(
M****!A1110 4444""BBB@84444 %%%% @HHHH&%%%% !1110 4444""BBB@8
M4444 %%%% @HHHH&%%%% @HHHH ****!A1110 4444 %%%% @HHHH&%%%% !
M1110(****!A1110(****!A1110 4444 %%%% @HHHH ****!A1110 4444 %
M%%% !1110(****!A1110 4444 %%%% @HHHH ****!A1110 4444 %%%% !1
M110(****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% !1110 4444 %%%% !11
M10(****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHH
MH&%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444
M %%%% !1110 4444 %%%% !1110 4444""BBB@84444""BBB@84444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%%% !1110 4
M444 %%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111F@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH$%%%% PHHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH
M **** "BBB@ HHHH ****!!1110,**** "BBB@04444#"BBB@ HHHH ****
M"BBB@ HHHH ****!!1110,**** "BBB@04444#"BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH$%%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH$%%
M%% PHHHH ****!!1110,****!!1110,**** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@04444#"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH ****!!1110,**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** #-%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444 %%%% !1
M110 4444""BBB@84444""BBB@84444 %%%% !1110 4444 %%%% !1110(**
M**!A1110(**** "BBB@ HHHH&%%%% !1110 4444 %%%% !1110(**** "BB
MB@84444""BBB@ HHHH&%%%% !1110 4444 %%%% !1110 4444""BBB@8444
M4""BBB@84444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110(****
M!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% !1110 4444 %%%% !1
M110(****!A1110(**** "BBB@ HHHH&%%%% !1110 4444 %%%% !1110(**
M**!A1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@ HHHH&%%%
M% !1110(**** "BBB@84444 %%%% @HHHH&%%%% @HHHH ****!A1110(***
M*!A1110(****!A1110 4444 %%%% !1110 4444""BBB@ HHHH ****!A111
M0(****!A1110 4444 %%%% !1110 4444""BBB@84444""BBB@84444 %%%%
M !1110 4444 %%%% !1110(****!A1110 4444""BBB@84444""BBB@84444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 '%%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444 %%%/
MBB::01IC<>F:3:2NQI.3LAE%3SVDMLJF0 ;NF#4%*,XS5XNZ'.$H/EDK,***
M*HD**L064UQ'OC (SCK31;N9'3*[DZY;'2L_:PNU?8T]C4LG;<AHJ?[+*64
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M "BBB@ HHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH ****
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M$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH$%%%%
MPHHHH **** "BBB@ HHHH **** "BBB@04444 %%%% PHHHH$%%%% PHHHH$
M%%%% PHHHH **** "BBB@ HHHH F@N9;=LQMC/4'D&IVO8I#F6UC9NY!(JE1
M64J$)/F:U-8UZD5RIZ??^9=%_P"6"((8XB>_4U4=VD<L[$L>I--HIPI0AK%"
MG6G-6D] HHHK0R"BBB@84444 %%%% !1110(****!A1110(**** "BBB@844
M44 %%%% @HHHH&%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% @HHHH&%%%% @HHHH&%%%% @HHHH&%%%% !1110 4444 %%%% !111
M0(****!A1110(****!A1110 4444 %%%% !1110 4444 %%%% !1110(****
M!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110(****!A1110
M4444 %%%% !1110 4444 %%%% !1110(****!A1110(****!A1110 4444 %
M%%% !1110 4444 %%%% !1110 4444""BBB@84444 %%%% @HHHH ****!A1
M110 4444 %%%% !1110 4444""BBB@84444 %%%% @HHHH&%%%% !1110 44
M44 %%%% @HHHH&%%%% @HHHH&%%%% !1110 4444""BBB@84444 %%%% !11
M10 4444""BBB@ HHHH&%%%% !1110(**** "BBB@84444 %%%% !1110 444
M4""BBB@ HHHH&%%%% !1110(****!A1110 4444 %%%% !1110 4444 %%%%
M @HHHH ****!A1110 4444 %%%% !1110 4444""BBB@84444 %%%% @HHHH
M ****!A1110 4444""BBB@ HHHH&%%%% !1110 4444 %%%% @HHHH&%%%%
M@HHHH&%%%% @HHHH&%%%% !1110 4444 %%%% !1110 4444 %':BB@04444
M %%%% !1110,**** "BBB@ HHHH **** "BBB@ HHHH$%%%% !1110,****!
M!1110,**** "BBB@ HHHH ****!!1110,****!!1110 4444#"BBB@04444
M%%%% PHHHH **** "BBB@ HHHH **** "BBB@04444 %%%% PHHHH **** "
MBBB@ HHHH$%%%% PHHHH ****!!1110,****!!1110,**** "BBB@ HHHH *
M***!!1110 4444 %%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH$%%%% PH
MHHH ****!!1110,****!!1110,**** "BBB@04444#"BBB@04444#"BBB@ H
MHHH$%%%% PHHHH$%%%% PHHHH ****!!1110,****!!1110,**** "BBB@ H
MHHH$%%%% !1110,**** "BBB@ HHHH ****!!1110,****!!1110 4444 %%
M%% !1110,**** "BBB@04444#"BBB@04444#"BBB@04444#"BBB@04444#"B
MBB@04444#"BBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH$%%%% PHHHH **
M** "BBB@ HHHH ***.U @HHHH ****!A1110 4444 %%%% @HHH[4 %%%% !
M1110,****!!111VH **** "BBB@84444 %%%% !1110(****!A1110 4444
M%%%% !1110(**** "BBB@84444 %%%% @HHHH **** "BBB@ HHHH&%%%% !
M1110(**** "BBB@84444 %%%% !1110(***6@!****!A1110(****!A1110
M4444 %%%% !1110 4444""BBB@ HHHH&%%%% !1110(**** "BBB@84444 %
M%%% !1110(****!A1110(**** "BBB@84444 %%%% !1110 4444 %%%% @H
MHHH&%%%% @HHHH&%%%% !1110(****!A1110 4444 %%%% !1110(****!A1
M110(****!A1110 4444""BBB@84444 %%%% !1110 4444""BBB@84444""B
MBB@84444 %%%% @HHHH&%%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%
M%% @HHHH&%%%% !1110 4444 %%%% !1110(****!A1110(****!A1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444 %%%%
M !1110 4444 %%%% !1110(****!A1110(****!A1110(**** "BBB@84444
M %%%% !1110(**,44 %%%% PHHHH$%%%% PHHHH$%%%% !1110,**** "BBB
M@ HHHH$%%&** "BBB@ HHHH&%%%% !1110(**** "BBB@84444 %%%% !111
M0 448HH$%%%% !1110,**** "BBB@04444 %%%% PHHHH **** "BBB@0444
M4 %%%% PHHHH **** "BBB@04444 %%%% PHHHH$%%%% PHHHH$%%%% PHHH
MH ****!!1110,****!!1110,****!!1110 4444#"BBB@04444#"BBB@0444
M4 %%%% !1110,**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444
M %%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@04444 %%%%
MPHHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@04444 %%%% PHHHH
M**** "BBB@ HHHH **** "BBB@ HHHH$%%%% !1110 4444#"BBB@04444#"
MBBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH ****!!1110,**** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH$%%%% PHHHH$%%%% !1110 4444 %%%% !1110,***
M* "BBB@04444#"BBB@ HHHH$%%%% !1110 4444#"CM110(**** "BBB@844
M44""BBB@84444 %%%% !1110(**** "BBB@ HHHH ****!A1110 4444""BB
MB@84444 %%%% @HHHH&%%%% !1110 4444""BBB@84444 %%%% @HHHH ***
M*!A1110(****!A1110(****!A1110(****!A1110 4444""BBB@84444 %%%
M% !1110 4444""BBB@ HHHH **** "BBB@ HHHH ****!A1110 4444 %%%%
M !1110(****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M@HHHH&%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@8
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110(****!
MA1110(****!A1110 4444""BBB@84444""BBB@84444""BBB@84444 %%%%
M!1110 4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444""BBB@8
M4444 %':BB@04444#"BBB@04444#"BBB@04444#"BBB@ HHHH **** "BBB@
M HHHH$%%%% PHHHH$%%%% PHHHH$%%%% PHHHH ****!!1110,**** "BBB@
M HHHH ****!!1110,**** "BBB@ HHHH$%%%% PHHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH **** "BBB@ HHHH$%
M%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444 %%
M%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH ****!!1110 4444#"BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@04444#"BBB@04444#"BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@04444#"BBCM0(****!A1110(****!A1110 4444 %%
M%% !1110 4444""BBB@84444""BBB@84444 %%%% !1110 4444 %%%% !11
M10 4444""BBB@84444""BBB@84444 %%%% !1110 4444 %%%% !1110 444
M4""BBB@84444""BBB@ HHHH ****!A1110 4444 %%%% !1110 4444 %%%%
M !1110(****!A1110(**** "BBB@84444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%&* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MQ10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M'4?%.CWNGSVT'A.PM99%PL\;DLA]1Q6S\-'MH]&\6/>1-+;+8@RQHVTLN'R
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MR31M#^Q7DF4E@@8LDC<;2H[=^*V?$?P]OM-L=-GT^QOIC)9B:\W $128RPX
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M !1110 4444 %%%% @HHHH&%%%% !1110 4444 %%%% !1110 4444 %%%%
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M3Q)%?V^HVD0A%U9A6$J#IN![_P")^E<]K<F@ V\>@Q7X";C+->,NYSQC 7@
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M HHHH$%%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@04444#"BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444#"
MBBB@04444#"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****!!1
M110,**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH ****
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M''>+FV,UPB&4[BNU03RV1T]QZU4LO#]]>-=9$5M':OY<\MS((T1\D;23WX/
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M%%%%42%%%% !1110(****!A1110(****!A1110 4444 %%%% !1110 4444
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M 4444 %%%% @HHHH&%%%% !1110(****!A1110(**** "BBB@84444 %%%%
M!1110(****!A1110 4444""BBB@84444""BBB@ HHHH&%%%% !1110 4444"
M"BBB@84444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444""BBB@8
M4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444""BBB@84444""
MBBB@ HHHH **,T4 %%%% !1110 4444 %%+FDH **** "BC-% !111F@ HHH
MH **** "BES24 %%%% !1110 4444 %%+FDH **** "BC-%  ***,T %%%%
M!1110 449HH **** "BBB@ HHHH **,T4 %%%&: "BC-% !111F@ HHHH **
M** "BC-% !1110 4444#"BBC- @HHS10 4449H **,T4 ':BBC- !1110 44
M44 %%%% !1110 4444 %%%% !1110 4449H **** "BBB@ HHHH 6DHHH **
M** #M1110 4444 %%%% !1110 M)110 4444 %%%% !1110 M)110 4444 %
M%%% !1110 444IH 2BBE% "444IH 2BBEH 2B@4&@ HHI: $HHI30 E%%+0
ME%%!H **** "B@4&@!:2BEH 2B@4&@ HHI: $HI124 +244O:@!**44AH **
M*7M0 E% H- !111VH **44E "TE%+VH 2BE%)0 444M "44HI* %Q244O:@!
M**44E !112T )12BDH **** "BE%)0 N.:2BE- "44HI* "BBB@ HI>U)0 N
M*2BE- "44HZ4E !112F@!**44E !1110 44O:DH 7%)12F@!*7%':DH ***#
M0 44O:DH 7%)10: "BE[4E !110: "EQ1VI* "BBB@ HI>U)0 N*2B@T %+1
MVI* "BBB@ I<44E !1110 4M':DH **44AH *6CM24 %%%% !12FDH ,44"B
M@ HI>U)0 44M)0 4M':DH **** "@T44 % I>*2@ HHHS0 4M%)0 #K2D4E+
MGB@!*444E !0:*7/% "4O-%)0 4&BC/% !2T9I* "@T44 %+1Q24 %%%&>*
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ME[9H 2C%**,T &*2BE[4 )1BBC- "XI**4T )2XI!10 N*2@&E- "48I124
M+BDHS2T )1BBB@!<4E&:7M0 E+B@4E "XI*,TIH 2EQ249H ,449H- !2XHI
M* %Q24 TIH 2EQ0*2@!<4E&:4T )1BEXI* #%%&:4T )2XH[4E "XI*4&@T
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M #K2&BE[4 )2CI1@9H)H !UI#12\8H 2E[48&:":  4AHI>"* $I>U&!1F@
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M*,TIYYH 2BBEZ4 )11FEZ\T )112YQ0 F**,TIYYH 2B@<TO2@!**7-!YYH
M2B@4O2@!,&BES0>>: $HH%+G'% "8HI<T'UH 2B@<FES0 F**7-!Z9H 2B@4
MN>U "8HI<\T>] "44HHS0 E%*#01WH 2BE'-!/:@!,44H/-!'>@!**4"C/:@
M!,44H/-!% "44H&:": $HI0:"* $HQ2B@F@!**4'GF@B@!**4"C- "44N:",
M4 )12@49H 2BES01B@!**4"C- "8HI<T$8H 2C%*!030 E%*#01B@!*,4HHS
M0 E%+GK2$8H *,4N.*,T )12YH(Q0 E&*4#BC- "44N:0C% !1BEQWHS0 E%
M+GM2'B@ HQ2BC- "44N:0\4 %&*4>M&: $HI>V*0C% !1BEQ1F@!**4=,4E
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MU)2]>*,=: $I3CM1C'-(3DT *>E)2CD8HQUH 2E-'09I"<T *>E)2@YXHQ0
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MQUI* "BBE ]: #)I,YI>,4$>E "49HIP [T )DTG6EXQ01Z4 )1FBE  ZYH
M,FDI>,4$#M0 E&:*< .] "9)I*7C'O01@\4 )1FBEP.^: #)-)2\8Z4$8/%
M"444N!WZT &324O&!01@\4 )1FBG8'?K0 F324[@@4A&#0 E&:*=@=\YH 3)
MI*7@XXH(H 2C-%+@=^M !DFDI>#B@C!H 2C-%+@8YSF@ R<TE.X)':D(Q0 E
M&:*=@8]Z $R<TE.X)':D(H 2ES28S2X&/>@ R:2G<$TA&* $HS1C-+QCWH ,
MTE.X)':D(H 2ER12 9I>,>] !DTE.X)]*;0 4N328S3N,>] "9-)3N"?2FT
M%+DYI ,T[B@!,TE.X)]*;0 4N32 9IW% "9-)3L FFT %+DYH S1QVH 3-%.
MX)--H *7)I ,TO H 3-%.P#FFT %+DT@&:=P* &Y-%.P#FFT %+DT 4O ]Z
M$R:2G8!S3: "ER: ,TOR@T )FDIV <TV@ I<D48I> 10 W-%.P.:;0 4N30!
M2\ ^HH ;FBEP,$TE !2Y- %+P#[4 -S12X!!-)0 4H)% 'Y4OR@^HH ;FBG8
M&":;0 4N30!^5+\H/J* &YHIV 033: "ES0!^5+\H/J* &YHI<#%)0 4N: .
MYZ4O - #<T4N!C-)0 4N30!ZYQ2_*#ZB@!N:*7 Q[TE !2Y.,4 =STI?E% #
M<T4[ V^]-H *7)QB@#UZ4O&: &YHI<#%)0 4N>,4 >N<4O'- #<YHI<#%)0
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MYH -V,XIM.V@G@TV@ I=W()I*=@ 9S0 ;L=*;3MN3@&FT %.W<\TVG;< '-
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M>FT[D+VYH %SG@9Q2'K2KR<9I"* $IW\/3FFT[D+VYH %SU I"<TJ\\9Q3:
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M&@&(.O-!//&12J3GBD/6@!,TX\@DGG--IPX!X_&@! .:">>.!2J3GBD/!H
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M"2>M!!'!I* %!_*G?*S=<#%,I<&@!> />D))ZT$$&DH 4'\J=PS'GBF4H!-
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MY/% #1UIY.SA3D4U< \C-#9SSQ0 ;CC%./SY/3%,IRX[T - R:>3MX4Y%-7
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MH!I!C=STI&QGCI0 N[Y<=J4@-]T=N:93DR<C.!0 VGXV=0#2#&[D\4C=>.E
M"[CMQ2D!ONCH.:93TR<C.!WH 8!DXI_W." <TBXW<]*0]>.E "[N,=J5@"25
M' IE/3)!&<#O0 P#)I_W." :1<;N3Q2'KQ0 N[C'I2L 22O04RGKR",X% #
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M/(W9;L*90#B@!=IR/>G8"@[EYINXD >E(3GK0 =Z>WS MV%,HS0 NTYQZT[
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M]30 RG@*,AL@TB#+=<8I&))ZYH =E2H&.<TC* 3CD4VGKDJ0!]30&PSK3\*
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M &@$G IQV@<9W#UH4$ G=BF$YH D^5F'&!BF$8^E)3SDQCC@4 - +' %.^4
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M<BG!_O9 .: $5>1DX]Z1OO<'(I2Y*[<\4V@!XP4P!\Q--(P: 2#D=:<'^]D
MYH 11SR<>]#_ 'N"2/6@N2NWM3: '@!D  ^8FFD$4 D'(ZTX/][(!S0 BKSR
M<4,>>#GWH+DKM[4V@!^ R@ ?,33,4H)4Y!IP?@Y4'- "*O/)Q[TC'YNN:4N2
MNWM3: 'X#* !\QZTS%*K%3D=:4/P00#F@ 5>>3BD8_-U)^M*7) 'I3: 'X#*
M !SWIF*56*G(ZTN_Y2",Y.: !5&>3MI&ZGG-*7+  ]J;0 _ 8 *.>],Q2JQ4
MY%+O^4C Z]: !1SR<4A//4_C2LY8 &FT /(# !1SU-,P:56*G(I=_P NW ZY
MS0 J@9Y.VFDY-*SEL9--H >0& VCG&33*56*GBEW#9MQ^- "JHS\S;::3DTK
M.6ZTV@ IRKN/) I "6QCFG2$DX( QZ4 &U=IZ[A2.FW'?--IZ$<Y!/&!0 RG
M*H;J<4@!+8[TZ1B3@@#'I0 878>3N%(R;2.^:;3T(Y!!)(P* &4Y5#=6 I "
M6 QDTZ1B3@XR/2@!,+MZG=GI0RE3Z]Z;3U.00022,"@!E/5-V<D TU02P &3
M3I&);D#CTH ,+LZG.>:1UV'&:;3U.00023P* &4Y4W \@'TH0$M@#)I9&+-R
M!GVH "%V@@G.<&D=2AQ3:>IRK @EC0 RG*@(/S 'TH0$MP,^U#L6;G&?:@!2
M%VC!.<\TC*5.*;3P058$$L: &4Y4!4G<,^E" EN!DBAV+-SC/M0 N%(7!.<\
MTC*5;!IM/!!0C&6/- #*<$!4G<,^E" EN!G%#L6/.,^U "[5.W!//7--92K$
M&DI^04(QECSF@!E."94G(SZ4L8);@ X]::S%FR<?A0 XJIVX)YZYIK+M)!I*
M?D%",$MG.: &4\("I.X9]*(P2V0 <>M-8[F).* '%5)7:>OK367:2/2DI^08
M\8R<Y)H 93@@VYW#/I2QAMV5 ./6FL26R?TH >54E0IZ^M,(P2/2D!P<T_(,
M> ,D<DT ,I^T;-V1GTHC#9+* <>M-)R<_P J '%%+ *>H[TTC!Q29Q3S@QC
M.1R30 RG[!MSD'VHCW E@!QZTTG)S0 [8K, IZCO32,'% )!XIQP8Q@=.IH
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MK\MD# - " 9/I3]BAL%L@]Q1EECZ#![U'0 [9E2P/0TVE!YY/'>E?EL@8!H
M0#-/"J& +9![BCYECZ#![U'0 _9E20>AIE*#S@].]*^"V0, T (!DT_:H;!.
M0>A%&62,# P:CH =L^4L#T--I5/(STI7Y;., T (!D]<4_8H;#'CL10=RQ@$
M#!J.@!VSY"WH<4VG*>1GIFA^6SC&>: $ R>N/>G[5#88_0B@EEC (&#4= #M
MGR;A]*;3E.&&>F<T-][., \T (!DXSCWI^U0Q!/T(H8LJ!2 !4= #MGR;J;3
ME;##/3.:&^]TQGM0 @&3R<4\*H8@GZ$4,650I  J.@!Q3Y V:;3D.&&>@YQ2
M,/FZ8]J !1D\G%.VJ"03SV-*Q95"D "HZ '%/D#9ZTVG(V&&>@I&'S=,>U
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M8TPG/^% #HQD[2<"F&BG[P=F1T_E0 RI#N2/!(P?2@.@)PN0>F>U1DYH ?&
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M/(X IF,4JMM(/I3]R$L6'7TH 8H).!3I"V[#8R/2C>-F-HSZTR@!_6,$G)Z
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MQ&%V$=\GO0-@!R3N'0CO3&8L<DYH D7<T1 .%')J*E!QGT/6I#L=^#M&/RH
MB')J1^$"[-O?GO0-@!R3N'0CO3&8L<DYH D7<T1&0%')J*E!QQV/6I/D=SSM
M&/RH B STJ1SA NS;W^M V!3R=P/!%,9BQR3F@!XW&$C.%%1TH...QZU(=CN
M>=H(X^M $0!/2I'.%5=NW'ZT#8%ZG>/2F,Q8Y)R: 'C<8>ORK4=*IQUZ=Q4A
M".['.T$9% $8&3P,T^0\*NW;B@%0N>0X]*8S%CDG)H >=S0]<*O;UJ.G*V.#
M]W/(IY".[8.!U&: (P,G &:?(> NW;B@%0H()#CTIC,6.2<F@"0[FA!S\J\8
MJ*G*V, \KG.*=A'=OFP.HS0 P#)X&:=(?NC;MP.E+E0H()#^U,+%CD]: )#N
M:($D;1P!45.5L$9Y7.<4[",7^;'<4 , R> 3]*=(>0-NW Z4N5505)#TPDDY
M/6@![;C$I)&T< 5'3D8 C=RH.<4[:C%L-CTH 8H)/ )^E.D.2!MVX&,4NY5
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MP8'KD4 ,V,%W8X/>FT[>=I';K4A_? L !M'YT 0TH!- &3BI"WE'",&!ZY%
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MHZ D]P: (B2>II*D\TE I&<'.:61 Q9HQ\HH BHI54LP ZFI2!$"CH"3W!H
MB))ZYI*D\TE55AG!HD4$LR#Y <4 1T4JJ68*.IJ4XC!1D!)_B!H B))ZFDJ3
MS2P0,,[30Z@EF0?(#B@".BE52[!1U-2'$:E&0$_W@: (R2>M)4GF[MFX [?U
MH=0=SH/D!Q0!'13D0NP4=33VQ&I1D&?[P- $9)/4DTE2^;N9-XX'!/J*:Z]7
M4?)G H 913D0R,%'6GDA%*%!N_O T 1DD]325*)0S)O P.#[TUUZNH^3.!0
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MR.AIA))R>M2%T,8&W# \D=Q1+&$<A"2H[T 1TH) (SP>U)4H1%#"3<K]N.*
M&M*[$$GD=#3"<G-2%HV11MPP/)'<42QA'(4[@.] $=*&(!&>#VI ,G J4(BJ
MPDW*_;CB@!IE=B&)Y'0TP\U*6C94&W!!YQZ4V5 CD*=P'>@!E+N.,9X]* "2
M .IJ0(BJP?<K]LCB@!K2NS!B>1W%,J4M&P0;=IS\V*;)'L=@IRH.,T ,I0Q
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M&>/2DJ;;&YD(.T#E:B((ZC% "4]974D@\D8]:14+9(!('7%2$Q*RE067N&H
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MYQWQ4DJ@LS(/D&!F@9%4T!8[D502PP2>PJ+!/0&I$ $;-YI4_P!T4 -B4M(
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MD6(-&6WKD=%[F@!QN#YGF(H4]_>HF8LQ)ZFI"D;!-K').&SVIDB&-RIZCTH
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M/?%,12[!1C)]:DG+@JCE?E'0=J %4O% 6"+M;N:@J;&ZW+,Q^7@+4)!!P>M
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M77A1@@=Q4-2>2X0.PPI/6@!PDC3> FY3]W/!%0DYJ5K=A)L4AB1D8J(C!P:
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M!:@J:#Y7WF(OC\A0!$HRP'/X5+(ZA@8U:/'O38G*S!E SGC-$RLLI#G+=S0
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M,J.Y&&'R@>E04 31-NVQL<1ALFHW #G:<KG@TL:EG'R%O84LS;I2=NWMM]*
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MC/(IE "JQ4Y4X-3'R7\D#*XX;/\ .H*4*2,XXSC- $P2%'97?('*LE1R2,^
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MIJ_>'./>GS>7N B)( Y)]: 'H$2,.)<2]@!FF&>0R"3/S^H[T^4[HU98PJ#
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MV"G&5)Z&DDE/E^5A, _>4=:A.[OG\:2@!\<C12!UZBGLB&%'#9<M\P]*AHH
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MW2F58<%K96:0$@X5 >@H CAA,Q(! P,Y)XI[S *%5 CH>&4TU/*$+%MQDS@
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M^Y:$*-SD8-$ENR2N@&=G)^E0U)'/)&VY6(.,>O% #D@;8)2A:/O@TV9HV?\
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M44C*SDH-J]A32Q( R<#H/2DH LQGSTCMU !W9)]14)C8!CCA3@^U,J19Y$#
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MLH5!\JCN: (8XWD)"*3@9.*E8PJ$* EE^\KCK1&"EL9!-LR<;1U-0$DGGK2
ML 032R9^1=N5QVJN5*XR,9&1259G\QX8Y&4*H^51W(I@0QQ/(3L4G')Q4K-
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M5>D&Q/Y:-;JRD^9NV[?6H""#@U)"Q256"[B#P/4TMRKK,WF !SR0.V:8 D7
MDD1_*]5%2!X$D8!-T;#C(Y6DGW1A8_.+ #E1T%5Z0$_E(UNC*3YA;;M]:@J2
M!RDRL%W$'@>]+.KK.PDQN/)Q[TP%2+ $DJ/Y1[J*>)(5=QM#(P.TD<J:2XW1
MXB\\N .0. *KT@)S&C0(RDF0G!7UJ"I;=V2965=S#H/>B9&2=E?&[.3CIS3
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M7MB@0LX.XMZ4 05,(5,)?S5+#^#OBEMED\PO&BL4&?F/ ]ZCD<R.6;&3Z#%
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MO58PZ'[N\<BH"<T 30!75U>0A5&[:.]0E2,9&,\TE6?M"22QM+&-JKM(7N*
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MN:-I .PIKN-QV HI_AS0!(ULP=%1@Y9=PQ4)!4D$8(Z@TJ.T;JZGE>E2R!#
MC;LRDDM0!!4IMY%B$K#"$XS2V^T.6:-I .P%,9_F;8"BG^'- $C6K"0(C!R5
MW#'>H2"I((P1VI8Y&C<.IY'2I9!'Y$;!LRG)>D!!4QMY%C61AA"<9HM]H8L\
M32 #H*8SY+;,JI_AS3 D>U82!$8.2NX8[U"00<$8-.CD:)PZGD=*?*L?DQE3
MF0Y+4@(:F-LZHKN-J,<9]*(-H)9XFD '0=*C9N2%RJG^'-,"5K5Q)L0ASMW#
M'<5!T.*?'*T3AE/(! I\JQB*/:<OCY\4 0U,;9T5'D&U&/7TH@V+N9XFD&,
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M,_6@"( D@ 9)J8VK)*J2$)N&03THC*)"Q>%G)Z-T J$L2,9.!T&: )&@<&3
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M$K;.4SQGTH 1$:1PJC)-3+:DRM$SA''.#WI"8T@"F%M_]\\5"68D$L3CIS0
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MJY^\,\"JY))R>M %FY\QDCED8?-]U1V%5JF@E1)%,H+( 0!Z4".,PLV\!PW
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
D* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_0.jpg
<TEXT>
begin 644 image_0.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !# -X# 2(  A$! Q$!_\0
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M?C_J&MZ?\)M:3PUJ>B:/XBO+=K;3;W5Y_*M;69^!(W<E02P4=2 *\I_X)_\
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M?<VH)I3]#]1O$?B73_"6@7FJ:I>VVGZ;81-<7-S<2".*"-1DLS'@ 5\;:O\
M\%H] \7^.KG0?A/\-?'GQ8EL_P#6W.E6_DP8_O+E6;:>Q8+FO'O^#@#]I?4;
M:;PQ\)=*G=+>_MQK.KHC8^U?O"EM W^SN5F([_)7VM^PE^S)I/[*G[-GASP[
MIUM$E_+:1WFKW07]Y?7DBAI'<]3@G:!T   JN>4IN,=+$<D804Y:W.!^&/\
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MF+18*3QC^(@ !E[@#%=5\(/^"A7@WQ3HL-OXKO%\*:_ NRZANT9(7<=61L<
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ME#*?DMU/XG=]#7.?\%,_AI_PD/PGT_Q'%&3/X>N@LK*.?(EPI_)PA_$UH?\
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L?I386W=?2BBID]2^@J'FG _,:**!"T444 %%%% !1110 4444 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image_0b.jpg
<TEXT>
begin 644 image_0b.jpg
M_]C_X  02D9)1@ ! @$!] 'T  #_VP!#  (! 0$! 0(! 0$" @(" @0# @("
M @4$! ,$!@4&!@8%!@8&!PD(!@<)!P8&" L("0H*"@H*!@@+# L*# D*"@K_
MVP!# 0(" @(" @4# P4*!P8'"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@K_P  1" #Z CD# 2(  A$! Q$!_\0
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M?3Y9;R#RR\BJK;E'=2&'->F4TTU="::=F%%%%,04444 %%%% !1110 4444
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M^"VG_)BFJ?\ 8=T__P!&U-76DRJ7\5>I^-W@X;O%VE ]/[2@X_[:+7]&G@,
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MG@3X^>'?C-H=A%;Q>,]*DBOQ'G,M[:LJM*1VS%+ O']S/7-0?\$-_P!I34?
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M?T>5_.-\'XQ+\6O#,;$C/B"SZ?\ 7=*_HYHPFT@Q>Z"BBBNPXPHHHH ****
M"BBB@ HHHH **** "BBB@ HHHH _-?\ :H_Y.%\5_P#83/\ Z M>X_\ !,CP
MQOG\2^,612%6*S4G&03\]>'?M4?\G"^*_P#L)G_T!:^B_P#@F+_R(?B?_L+P
M_P#HJOR3(X1GQ<[])3?YGU.-;65*W:/Z'TX*6BBOUL^6 ].E?FA^TUID&D?'
M[Q796L2I$-:G,:(,!06)P*_2^OS9_:R_Y.(\5_\ 86E_G7PO':3P%)_WOT9[
M62/_ &B7I^I[5_P3!O[E-3\5Z6''DR6]M*P(YW*S@?HQKZM\4:L-!\-:AK9=
M5^R64LP+=,JI(_45\N?\$O+2V:W\8WQB_>H]E&KGJ%83$C\U'Y5[M^T[>R:=
M\ /%=Y"2&327QM;!Y('7\:]#ARI*APO&IV4W]SD89A%3S)Q[M?DC\WO$>M77
MB/7[WQ!=L6FO;J29S[LQ/]:^O/\ @FCX?TVP\$:]XNGE1+F[U%;8;G S&B C
M_P >9J^-NE>L_"/]F[]HWXB^%+;Q/\/)9+?2KEY/(F_MCR5+(Y5OE4Y!W ]N
MU?G?#^)K4,T5>%)U9)-V6^NE]GW/?Q].$\,X2DHIVW/T1R",@T5\41_LJ_MR
MY$8^(5XJXQSXMN,#]:U'_8Y_;61"X^.D+8&0J^*]0R?;_55^CQS[,9?\P,_P
M_P CY]X'#K_E_$^P9)8H5WRR*H]6.!7PO_P4<TRPL_CG::K92*YU#0899V4@
M_.LDD?;_ &46KU[^R7^VU?Q&WOO&]S/&3DI+XIG93[X-9.H_L&_M0:O*+C5C
M974BKM5[G6"Y SG )!XY->'GN,S/.,%]7C@IQU3N_+Y';@J.&PE;VCK)F?\
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MM'Y$N'<]'E8<LWX# %<TE3IU+O5LZ8^TJ4[+1(_6BOR/_P""_P "?VKO"?\
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M. <J2.QJRO2DFFKH-BGXDT2R\2Z#=^']1@62"]MWAE1QP0P(YK\N_B#X0O/
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MM0ZY\3M9T>7R?!NA2)#(PV_9[ZX<1*&!'4PK<C''3VK]/M9^/GPXT3XW:/\
ML^7>JL_B76=+GU&WM8TRL5O%U9VSP2> .2?IS6=&<I1YI=32M",)<L>AVM%
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M4 %%%% !1110 4444 %!/./6BD)Q0!^9G[1=^^I?';Q9<R2!R-<G3(&/N,5
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MOQ(?1V31/%]M;7=A=1J2GFI D4R$] ^]&;'HXKSW]C[_ (*-_'_]C.UG\/\
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M=+O4NK2>6WN(),I)&Q5XV!Z@CD$&I]M6IRM(KV%&HKQ/Z5A0<$8(X[U\;_\
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M\DUL445U;'-N%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 8HQ110 8Q1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
44 %%%% !1110 4444 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image_1.jpg
<TEXT>
begin 644 image_1.jpg
MB5!.1PT*&@H    -24A$4@  #74    <" 8   "4:[TI    "7!(67,  $SE
M  !,Y0%USO"5   "1DE$051XG.W;P0W"4!!#P?1*"=1 W7#@BB)%^JSC9$9Z
M]RU@O;V>C[<D2=)>              "LLZ6?Q"5)DB3U!@           ,!Q
M6_H SBW])"Q)DB1)Z@L          (!]1ET ')9^$I8D29(D=08
MP)=1%P  RZ2?A"5)DB1)G0$       #<C5$7    ?Y=^$I8D29(D]04
M '!E1ET     Q*0?A25)DB1)?0$     7(%1%P      IY)^$I8D29(D=08
M  #0Q*@+      " "NDG84F2)$E29P   &=DU 4       ! M?23L"1)DB2I
M+P" -*,N           N)_TD+$F2)$GJ#&"*41<           "WD7X2EB1)
MDB1UMII1%P            "WEWX2EB1)4D\K&'4!             , /Z=&
M).F<K6#4!0                >D1T4RZ@(               #@ *,N
M            @$%&70                "#C+H                 !AEU
M 0                PRZ@(                89-0%
M,,BH"P               &"041<               # (*,N
M    @$%&70                "#C+H                 !AEU 0
>          SZ /PE79CYM$G=     $E%3D2N0F""

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>mdacoversheet-q32022001.jpg
<TEXT>
begin 644 mdacoversheet-q32022001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" 55!!\# 2(  A$! Q$!_\0
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M@HHHH&%%%% @HHHH&%%%% !1110(****!A1110(****!A1110 4444 %%%%
M!1110(****!A1110 4444""BBB@84444 %%%% !1110 4444 %%%% !1110(
M****!A1110 4444""BBB@84444 %%%% @HHHH&%%%% !1110 4444""BBB@8
M4444 %%%% @HHHH&%%%% @HHHH ****!A1110 4444 %%%% @HHHH&%%%% !
M1110(****!A1110(****!A1110 4444 %%%% @HHHH ****!A1110 4444 %
M%%% !1110(****!A1110 4444 %%%% @HHHH ****!A1110 4444 %%%% !1
M110(****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% !1110 4444 %%%% !11
M10(****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHH
MH&%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444
M %%%% !1110 4444 %%%% !1110 4444""BBB@84444""BBB@84444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%%% !1110 4
M444 %%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111F@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH$%%%% PHHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH
M **** "BBB@ HHHH ****!!1110,**** "BBB@04444#"BBB@ HHHH ****
M"BBB@ HHHH ****!!1110,**** "BBB@04444#"BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH$%%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH$%%
M%% PHHHH ****!!1110,****!!1110,**** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@04444#"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH ****!!1110,**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** #-%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444 %%%% !1
M110 4444""BBB@84444""BBB@84444 %%%% !1110 4444 %%%% !1110(**
M**!A1110(**** "BBB@ HHHH&%%%% !1110 4444 %%%% !1110(**** "BB
MB@84444""BBB@ HHHH&%%%% !1110 4444 %%%% !1110 4444""BBB@8444
M4""BBB@84444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110(****
M!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% !1110 4444 %%%% !1
M110(****!A1110(**** "BBB@ HHHH&%%%% !1110 4444 %%%% !1110(**
M**!A1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@ HHHH&%%%
M% !1110(**** "BBB@84444 %%%% @HHHH&%%%% @HHHH ****!A1110(***
M*!A1110(****!A1110 4444 %%%% !1110 4444""BBB@ HHHH ****!A111
M0(****!A1110 4444 %%%% !1110 4444""BBB@84444""BBB@84444 %%%%
M !1110 4444 %%%% !1110(****!A1110 4444""BBB@84444""BBB@84444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 '%%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444 %%%/
MBB::01IC<>F:3:2NQI.3LAE%3SVDMLJF0 ;NF#4%*,XS5XNZ'.$H/EDK,***
M*HD**L064UQ'OC (SCK31;N9'3*[DZY;'2L_:PNU?8T]C4LG;<AHJ?[+*64
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M "BBB@ HHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH ****
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M$%%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH$%%%%
MPHHHH **** "BBB@ HHHH **** "BBB@04444 %%%% PHHHH$%%%% PHHHH$
M%%%% PHHHH **** "BBB@ HHHH F@N9;=LQMC/4'D&IVO8I#F6UC9NY!(JE1
M64J$)/F:U-8UZD5RIZ??^9=%_P"6"((8XB>_4U4=VD<L[$L>I--HIPI0AK%"
MG6G-6D] HHHK0R"BBB@84444 %%%% !1110(****!A1110(**** "BBB@844
M44 %%%% @HHHH&%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% @HHHH&%%%% @HHHH&%%%% @HHHH&%%%% !1110 4444 %%%% !111
M0(****!A1110(****!A1110 4444 %%%% !1110 4444 %%%% !1110(****
M!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110(****!A1110
M4444 %%%% !1110 4444 %%%% !1110(****!A1110(****!A1110 4444 %
M%%% !1110 4444 %%%% !1110 4444""BBB@84444 %%%% @HHHH ****!A1
M110 4444 %%%% !1110 4444""BBB@84444 %%%% @HHHH&%%%% !1110 44
M44 %%%% @HHHH&%%%% @HHHH&%%%% !1110 4444""BBB@84444 %%%% !11
M10 4444""BBB@ HHHH&%%%% !1110(**** "BBB@84444 %%%% !1110 444
M4""BBB@ HHHH&%%%% !1110(****!A1110 4444 %%%% !1110 4444 %%%%
M @HHHH ****!A1110 4444 %%%% !1110 4444""BBB@84444 %%%% @HHHH
M ****!A1110 4444""BBB@ HHHH&%%%% !1110 4444 %%%% @HHHH&%%%%
M@HHHH&%%%% @HHHH&%%%% !1110 4444 %%%% !1110 4444 %':BB@04444
M %%%% !1110,**** "BBB@ HHHH **** "BBB@ HHHH$%%%% !1110,****!
M!1110,**** "BBB@ HHHH ****!!1110,****!!1110 4444#"BBB@04444
M%%%% PHHHH **** "BBB@ HHHH **** "BBB@04444 %%%% PHHHH **** "
MBBB@ HHHH$%%%% PHHHH ****!!1110,****!!1110,**** "BBB@ HHHH *
M***!!1110 4444 %%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH$%%%% PH
MHHH ****!!1110,****!!1110,**** "BBB@04444#"BBB@04444#"BBB@ H
MHHH$%%%% PHHHH$%%%% PHHHH ****!!1110,****!!1110,**** "BBB@ H
MHHH$%%%% !1110,**** "BBB@ HHHH ****!!1110,****!!1110 4444 %%
M%% !1110,**** "BBB@04444#"BBB@04444#"BBB@04444#"BBB@04444#"B
MBB@04444#"BBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH$%%%% PHHHH **
M** "BBB@ HHHH ***.U @HHHH ****!A1110 4444 %%%% @HHH[4 %%%% !
M1110,****!!111VH **** "BBB@84444 %%%% !1110(****!A1110 4444
M%%%% !1110(**** "BBB@84444 %%%% @HHHH **** "BBB@ HHHH&%%%% !
M1110(**** "BBB@84444 %%%% !1110(***6@!****!A1110(****!A1110
M4444 %%%% !1110 4444""BBB@ HHHH&%%%% !1110(**** "BBB@84444 %
M%%% !1110(****!A1110(**** "BBB@84444 %%%% !1110 4444 %%%% @H
MHHH&%%%% @HHHH&%%%% !1110(****!A1110 4444 %%%% !1110(****!A1
M110(****!A1110 4444""BBB@84444 %%%% !1110 4444""BBB@84444""B
MBB@84444 %%%% @HHHH&%%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%
M%% @HHHH&%%%% !1110 4444 %%%% !1110(****!A1110(****!A1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% @HHHH&%%%% @HHHH&%%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@84444 %%%%
M !1110 4444 %%%% !1110(****!A1110(****!A1110(**** "BBB@84444
M %%%% !1110(**,44 %%%% PHHHH$%%%% PHHHH$%%%% !1110,**** "BBB
M@ HHHH$%%&** "BBB@ HHHH&%%%% !1110(**** "BBB@84444 %%%% !111
M0 448HH$%%%% !1110,**** "BBB@04444 %%%% PHHHH **** "BBB@0444
M4 %%%% PHHHH **** "BBB@04444 %%%% PHHHH$%%%% PHHHH$%%%% PHHH
MH ****!!1110,****!!1110,****!!1110 4444#"BBB@04444#"BBB@0444
M4 %%%% !1110,**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444
M %%%% PHHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@04444 %%%%
MPHHHH$%%%% PHHHH **** "BBB@ HHHH **** "BBB@04444 %%%% PHHHH
M**** "BBB@ HHHH **** "BBB@ HHHH$%%%% !1110 4444#"BBB@04444#"
MBBB@ HHHH **** "BBB@ HHHH$%%%% PHHHH ****!!1110,**** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH$%%%% PHHHH$%%%% !1110 4444 %%%% !1110,***
M* "BBB@04444#"BBB@ HHHH$%%%% !1110 4444#"CM110(**** "BBB@844
M44""BBB@84444 %%%% !1110(**** "BBB@ HHHH ****!A1110 4444""BB
MB@84444 %%%% @HHHH&%%%% !1110 4444""BBB@84444 %%%% @HHHH ***
M*!A1110(****!A1110(****!A1110(****!A1110 4444""BBB@84444 %%%
M% !1110 4444""BBB@ HHHH **** "BBB@ HHHH ****!A1110 4444 %%%%
M !1110(****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M@HHHH&%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB@8
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110(****!A1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110(****!
MA1110(****!A1110 4444""BBB@84444""BBB@84444""BBB@84444 %%%%
M!1110 4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444""BBB@8
M4444 %':BB@04444#"BBB@04444#"BBB@04444#"BBB@ HHHH **** "BBB@
M HHHH$%%%% PHHHH$%%%% PHHHH$%%%% PHHHH ****!!1110,**** "BBB@
M HHHH ****!!1110,**** "BBB@ HHHH$%%%% PHHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH **** "BBB@ HHHH$%
M%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444 %%
M%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@04444#"BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH ****!!1110 4444#"BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH ****!!1110,**** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@04444#"BBB@04444#"BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@04444#"BBCM0(****!A1110(****!A1110 4444 %%
M%% !1110 4444""BBB@84444""BBB@84444 %%%% !1110 4444 %%%% !11
M10 4444""BBB@84444""BBB@84444 %%%% !1110 4444 %%%% !1110 444
M4""BBB@84444""BBB@ HHHH ****!A1110 4444 %%%% !1110 4444 %%%%
M !1110(****!A1110(**** "BBB@84444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !112D$ $@C/2@!**** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH ****!!1110,****!!1110,**** "BBB@ HHHH ****
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M-KN?1KM(5&YFV9*CU(ZBLNRT^[U&5XK.WDG=$,C*@R0HZGZ5ZEX,TZ[T[QG
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M+$$;>>>G?%;.L>(?"'B2[BUC5(-52_$:K-:P%/+D*^C'D#]:X"BE[&.EO/\
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M %%%% !1110 4444 %%%% !1110(****!A1110(****!A1110 4444 %%%%
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M(K@)NWJ2 >.AH51:: Z3UUV.8HKKK>RT#6=&U=[/3[FSET^W$\=S)<^9YGS
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MS;?%TA*89#\I)/49Z8[UYQ11*DG:_0(UG&]NITEW?VKZ5X6C2=2]HLGG*/\
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MD!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110(****!A1110(****!A1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% @HHHH ****!A1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% @HHHH ****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444""BBB
M@ HHHH&%%%% @HHHH&%%%% !1110 4444 %%%% !1110(****!A1110(****
M!A1110(****!A1110 4444 %%%% @HHHH&%%%% !1110 4444""BBB@84444
M %%%% @HHHH&%%%% @HHHH ****!A1110 4444 %%%% @HHHH&%%%% !1110
M 4444 %%%% @HHHH ****!A1110 4444 %%%% @HHHH&%%%% !1110(****!
MA1110(**** "BBB@84444 %%%% !1110(****!A1110 4444""BBB@84444"
M"BBB@ HHHH&%%%% !1110 4444""BBB@84444 %%%% !1110 4444""BBB@8
M4444 %%%% !1110 4444""BBB@84444 %%%% !1110 4444""BBB@84444 %
M%%% !1110 4444""BBB@84444""BBB@ HHHH **,T4 %%%% !1110 4444 %
M%+FDH **** "BC-% !111F@ HHHH **** "BES24 %%%% !1110 4444 %%+
MFDH **** "BC-%  ***,T %%%% !1110 449HH **** "BBB@ HHHH **,T4
M %%%&: "BC-% !111F@ HHHH **** "BC-% !1110 4444#"BBC- @HHS10
M4449H **,T4 ':BBC- !1110 4444 %%%% !1110 4444 %%%% !1110 444
M9H **** "BBB@ HHHH 6DHHH **** #M1110 4444 %%%% !1110 M)110 4
M444 %%%% !1110 M)110 4444 %%%% !1110 444IH 2BBE% "444IH 2BBE
MH 2B@4&@ HHI: $HHI30 E%%+0 E%%!H **** "B@4&@!:2BEH 2B@4&@ HH
MI: $HI124 +244O:@!**44AH ***7M0 E% H- !111VH **44E "TE%+VH 2
MBE%)0 444M "44HI* %Q244O:@!**44E !112T )12BDH **** "BE%)0 N.
M:2BE- "44HI* "BBB@ HI>U)0 N*2BE- "44HZ4E !112F@!**44E !1110
M44O:DH 7%)12F@!*7%':DH ***#0 44O:DH 7%)10: "BE[4E !110: "EQ1
MVI* "BBB@ HI>U)0 N*2B@T %+1VI* "BBB@ I<44E !1110 4M':DH **44
MAH *6CM24 %%%% !12FDH ,44"B@ HI>U)0 44M)0 4M':DH **** "@T44
M% I>*2@ HHHS0 4M%)0 #K2D4E+GB@!*444E !0:*7/% "4O-%)0 4&BC/%
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M4E !BBE'I2&@ I<4=J2@ HI0>U(: "EQ124 %%+[4E !2XHZ4E !BBESVI*
M"EQ124 %%*/2DH *7%%)0 44HI* #O2FDI>M "4HHP*"?2@!.]*>M)2CWH 2
ME%&!0?;I0 =Z#24N>* $I11B@GTH 04IZTE+GB@!*448%!]*  =:0]:*7M0
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M E*:.W%)0 IZ4E*#1B@!!2FCI]:2@!3TI*4&C% ""E-'3I24 *<TE*.M&.*
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M4#BC- "44N:0C% !1BEQWHS0 E%+GM2'B@ HQ2BC- "44N:0\4 %&*4>M&:
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M ':DI0>U&.>* $I3C%&.]!.: #M24H/:C'/% "4IHQCF@G- !VI*4'C%&.:
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MGB@!**7CFD/% !12@=Z,\\4 )12Y&*0C% !12@=Z,\Y% "44O&*0C% !1FE
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MYZ4'&>*  XQ24HY&*,4 (.M*W6C&.O2@]:  ]*2E'(Q1B@!*5J,8Z]*0]>*
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MYHI<#'O24 %+DXQ0!W/2E^44 -S13L#;[TV@ I<G&* /7I2\9H ;FBEP,4E
M!2YXQ0!ZYQ2\<T -SFBEP,4E "XYQ0V>F<TG>G$>G04 -IR^PIN*<!@9S0 @
M'.*&)SUI*<1SQTH ;2KWP*2G 8!.?PH 0#F@GGK2=Z<1W'2@!M.7T%-IPX&<
MT (!DT$DGDYH'6@CDD=* $IRYP13:<.!U_"@! .:">>M Z\T$=QTH 2G#H1B
MFT[C'7\* $ R:">>N:!UYH([CI0 E.&2",4W%.Z+UH 11S03DT#&>:".<]J
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M^E#=>N: %Y ZTVEX*CUI*  =:5NM '/I0W6@!3D#K3:=@$#'6FT *.M#=>:
M.>>*#UH 4Y ZTVG8! QUIN* %'6ANO- '/)Q0>M "G(&,TVG=0,=:;0 HZT'
MKS0HYZXH/6@!3D#&:;3NH&.M-H 4=:".:51SR<4AZT *<CC--IQ (&.O>FT
M*.M!'-*!SR<4AZT *21QFFTX@$#'6FT *#@T$8- 'OBD/6@ I02 124H&>]
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M!FEP,X)H 0L2*2EQQFDH 4$CI1GC&* ,TN!T)H 0L324N.,TE "@X-&>,8H
MR:7:,D$T (6)ZTE+CC-)0 H.*,\8Q0!DTNT<\\T (3FDI2,#-)0 N.<4K9]
M*3/.:5A@^M #:<".]-IR@]10#$ YI6//3%(#S0PP?6@!*<#GKSZ4VG+D<\4
M(!DTK')Z"D'6AA@T )3@<Y[FFTY<@9XH 0#)H8Y/2@'FAA@F@!*<#D'/)IM.
M4$#/% ,0#)Z4,>>@H7K0PP: $IP.0>YIM.&0">* $ R>F:&.3VH'7KB@C!H
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MG IN:<.0>>E-H ,XIQQ@8%-IS9  .* !<@$X%-IP&5//2FT  -*>V!2"G-D
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MH 1<9Y&:"?3I2IGD#O3: %!P0:4@;<YYIM.Z+T_&@!%QGD9H)].E*N<$"FT
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M #@+T.:3)/>E;)4'M3: ' D\=C2$ -QTH'6E;KTQ0 <!>G/K29-*V2H/:FT
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MB@GL#Q2;3C/:DH *=D%3GK3:,4 .P 1SQ03V!.*3:<9I* "G9!7WIM&* '8
M/7B@GC /%)M(&:2@ IV05]\TV@4 .P >O%(6SQGBC::2@ '%.R"OO3:,4 .P
MH/)XI"W;/%!4CM24  .*=D%1ZTVC% #L*#UXI"3TSQ05(I*  '%.X('K3:7%
M "X4-R>/:D)SQGB@J1U%)0  XIWRD#]:;2XH =@9.3^--)SQGB@J124  .*=
M\IQ^M-I<4 +A1G)^E(6)[T%2.HI* %!Q2\'%-I<&@!<*.I_*D+$T$$=124
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M:;2[2>E "\ 9!.:0G)R:3%% "@\\]*7 )//TIM*%).* %X X/--)R<FC&**
M%!YYZ4N <\TVEVDGB@!<@#()S32<G-%% "@],]*7 .>:;2[2: %R ,@G--)R
M:,44 *#TSTI< YP?I3:4*3TH 7( !!YII.:,44 *#TSTI< YYIM*%)H 7(4
M@G--ZT8HH <IY&>E& 0>:;2A2: %R!R#S3:,44 .4C(STHP,'FFTH4F@!<A?
MNDYIM%% #E(SS1@8SFFTNTT +D+]TFFT44 .4C//2C VYSS3:4*30 I('W2:
M;110 Y2.]&WY<YIM+M)% "D@?=)IM%% !3\[/NFF\!O:ANO3% !N//O3OO\
MX"F4Y<=SQ0 VGYV?=.::,;O:ANO3% !N.,4[[_/H*93EQGD\4 -[T\G8?E--
M&-WK0W7IB@ R<8IQ^?)]*93EQGD\4 -'6GD[.%.135P#R,T-G//% !N.,4X_
M/D],4RG+CO0 T#)IY.WA3D4U< ],T-UYH ,G&*<?G!;TIE.7'<T (.33B=O
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M(<]Z2@!0<'-*0" <\GK3:* '[/F()Q2%N,8'X4ASWI* %!P<TNT$#!Y--HH
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M)S244 .4]%)XHVY)QVIM*,T .   ;(/L::3DYI** ' YPIZ9HV$YQVIM+S0
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M!P: <$4KCGKDT  7C-+OP<@8I#C:,9SWIM #@05/'/:D((.#2#K3G&",G)-
M %XW=J7?@Y Q2'  QUIM #@05/'.:0@@X- ZBE<8/7)H  O&[BEWX;(%(V !
MBFT .&"N.^:0@@XH&01CK2L,'KF@ "X&[CZ4N_#9 Q2-MP,4V@!PP5QCG-(1
M@XH7.>.M*XPW7-  %P-W!%+OP<@<'M2-CMFFT .X90,?-FFD8.*5201BE<8;
MKGWH 4+@!B 1Z4;\$X'![4C8[9IM #N"  .::1@XI5SGBE88;&<T  7 #$ ^
MU+OP3@<'M2-CM3: '<$  <TTC%*N=W%*PPV,Y]Z %"[0&.#2;\$X'!H;&>*;
M0 [A@ !S3:5<YX.*&&#US0 @ZT\C=ENPIE .* %VG(]Z=@*#N7FF[B0!Z4A.
M>M !WI[?,"W84RC- "[3G'K3L!00RG-(6; %-)SUH 4'G-.8;@6["F49H 7:
M<XIQ 48(.:0L2!STZ4W.: %!P:<PW OVIE&: %VG..]..%&"#FD+,<>U-ZT
M*#@YIS#<"_O3*,T +M.<=Z<<*I!!W4A9CCVIM "@X.:<PR"_;-,HR: ';#G'
M>E. ,%3NI"S''/2FT *IP0:<P)&[U-,I<]J %"$G'>E. N,?-2%F)R:;0 JG
M# TI&1N]33:,T ."$G'>E; &,'/O32Q)SGFDH 53A@33BI(#>IIE+DT *%).
M.]!P!C!!]Z"S$Y/6FT *IVMFE*G /K3:4$T *$).,<CM0V , '-!9B<]Z;0
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MDH0!QU)H 9C-/PH!!R&I$!R3G&!UI"23R<T .RK;>,>N*1EP3CH.]-IXR8R
M..I- # ,G I^% .<AJ1!R3G&*0DD\F@!V58J,8]::PP3CD>M)3QDQD8X')-
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MDI[Y(!(P.@H :%)Z#I3LJ,$<^H- R$R&QGM3* 'X5BW;TIA&**>^2 Q&!VH
M:%)[<4[* @KSZ@T#(3[W7M3* 'X5MQZ=Q3",44]\G!(QF@!H!/..!3LH""!D
M=P:.50$-U[4R@!^%.X],=*81CK0.M/DR<$C&: &A2><'%.RH(QR.X-'*H/FZ
M]J90 _"D,>F.E,(QUH'6GODD$C&: &A<\X..].R@88&1WS0<J@^;KVIE #\*
M5)[BF$8ZTHZBG29SDC&: &A<\X.*=E W'(]Z#D(/FZ]J90 _"E2>X-,Z4HZB
MG.#G+#!/- #0I/.#BG90,,#([YH.50?-U[4R@!^%*D]\TPC!I1UISYW9/!-
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M>*;2[CMV]J #!]*=@!,[N?2@R'=N P::22<F@ 7&[GI2L.X'!/%-IVX[<=J
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M2ERP /:FT /P& "CGO3,4JL5.12[_E(P.O6@ 4<\G%(3SU/XTK.6 !IM #R
MP 4<]33,&E5BIR*7?\NW ZYS0 J@9Y.VFDY-*SEL9--H >0& VCG&33*56*G
MBEW#9MQ^- "JHS\S;::3DTK.6ZTV@ IRKN/) I "6QCFG2$DX( QZ4 &U=IZ
M[A2.FW'?--IZ$<Y!/&!0 RG*H;J<4@!+8[TZ1B3@@#'I0 878>3N%(R;2.^:
M;3T(Y!!)(P* &4Y5#=6 I "6 QDTZ1B3@XR/2@!,+MZG=GI0RE3Z]Z;3U.00
M022,"@!E/5-V<D TU02P &33I&);D#CTH ,+LZG.>:1UV'&:;3U.00023P*
M&4Y4W \@'TH0$M@#)I9&+-R!GVH "%V@@G.<&D=2AQ3:>IRK @EC0 RG*@(/
MS 'TH0$MP,^U#L6;G&?:@!2%VC!.<\TC*5.*;3P058$$L: &4Y4!4G<,^E"
MEN!DBAV+-SC/M0 N%(7!.<\TC*5;!IM/!!0C&6/- #*<$!4G<,^E" EN!G%#
ML6/.,^U "[5.W!//7--92K$&DI^04(QECSF@!E."94G(SZ4L8);@ X]::S%F
MR<?A0 XJIVX)YZYIK+M)!I*?D%",$MG.: &4\("I.X9]*(P2V0 <>M-8[F).
M* '%5)7:>OK367:2/2DI^08\8R<Y)H 93@@VYW#/I2QAMV5 ./6FL26R?TH
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M_0BABRH%( %1T .V?)NIM.5L,,],YH;[W3&>U " 9/)Q3PJAB"?H10Q95"D
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MTH 5.6QG&>*1A@G'3-)3R^4"X'!ZT ,J0;EC)R,'BC<@?(7(]#3"<G@8'I0
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M!/4#BFTY6."N>#UH<*'.WI0 @!)P*>(COVD@'WI!M$?*DGUIN3ZT +L."<<
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MD=J !5+' '-.$9)(R 1VH)4(!M(/K3<GUH "I"AL<&DJ1#G"L?E'-,.,\=*
M!5+' %.$9.X9P1VH)4* %(/K3<GUH "I"@XX-)4B') 8_*.:8>O'2@!0Q$@8
M=<YI900_S'+=Z94@8%6W?>/0T 1U)'D'=L+ 4;4 4YR#U%(S 95"=I]: $5B
M) 1US2R ASN.3WIE2!@5;=]X]Z (ZDCX.[86Q1A!M.<@]1Z4C-C*HQV^]  C
M$2 CK1("KD,<GO3*DW*4;=]X\YH CJ2+Y3NV%L4;4!4DY!ZCTI&?&54G;[T
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M 8^8'GWH 94BY5#\AYXS2[8U<@G*GH13&<D8R2HZ9H =%NW$*0">],/!/.:
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M0 PHR@9!YZ4VG!R-O/"G(I[KO5I ,#/2@"*EP?2A0"P!.!W-2%]@**0RGVH
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MZEO2HZ<KD*5SPW6GF+,A5"",9% $5/?;L&"2W>E5,+NRN0>5:DD?>>@ ]!0
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MQL<+G.:#$27V\A?Y4 ,'6G2;,C82>.2:<JA 'RC?[)ICMO8GI[4 .;!C&U,
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MWO4=2J?-P&(&%P/>F^6=F_MG!]J $7&[DX'<T/MWG;]WM4G$)S\CYJ$G)S0
M445-M\@Y=%;(]>E $63C&>*2I/,^1DQP>GM2NHDP8UY"Y:@"*BC&:FV^1]]
MV1Z]* (LG&,G%)3_ #/W93MGCVISJ'.8QT7+4 1448R<5-M\@X= V1ZT 19)
M'7BDI_F'R]G;.13G4.28QP!DT 144 9.!4Q'DY5T#9[@T 19..2:2GF0F,(>
M<'(-.=0Y9HQP ": (J*4 DX'6I2!#E70-GN#0!$22,$FDIYE)0*><'(-.D4,
M6:,?*,9H BHI0"Q '4U*0(<HZ D]P: (B2>II*D\TE I&<'.:61 Q9HQ\HH
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M.QH BHJ4,A5]PY)RM,="C;6ZT -I02.A-/2-F7?@$#L3C-+YP#AD7:1U'8T
M145(&0H^1\Q.1374HQ4]: &TH)'0FGI&Q7?@$#L3UI?.Q(&10O'([&@"*BI
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MZ]<4VI@(Y9<#Y%V_D:B(Q^/2@!*<LC*P(/(Z4BJ7.%!..>*D/E*%*Y+ \AJ
M&%V.>>O7%-J8".21A]U<9'M41!'7O0 E/61U8,#R!Q2*I;. 3@9XIY\I0I7)
M(ZAN] #"['(SP>H%-J8".21_X!C(]JB((ZB@!*>LCJV0><8I%1FS@$XZXIY,
M2[2N6QU#4 ,+L<C/!ZBFU,%CD>3!*@#(J(@CJ* $IZRNK9!YQBD5"V< D#KB
MI"8E*E<MZAJ (MS8(SP><4E3;8Y&D(.T 9%1$$=: $IZRNK9!YQCFD5"V2 2
M!UQ4A,2E2N6'=6% $18XQGCTI*FVQN9"#M Y6HB".HQ0 E/65U)(/)&/6D5"
MV2 2!UQ4A,2LI4%E[AJ (BQ(QGC.<4E2[8W$A!VXY%1D$'!&* $IXE=22#R1
M@YI%0L"<':.I%2$Q(ZE1N7N&H B+$C&>/2DJ4*C+(V<8/'O49!4X(P: $IZR
MNN<'KUR*14)&[!VCJ14F8DD! W+CD&@"(L2,9./2DJ7:C1NV<$'@>M1D$'!&
M#0 E/65US@_>Z^](J$C<0=HZD5)NB20$#<A'(/44 1%B0!DX':DJ38AB=\X(
M/ ]:C((.#UH *>)77=@_>ZY[TBH2-Q!V@\D5)NA60$#<I'(/44 1%B1C/'I2
M5+L1HW;."#P/6HR"#@]: $Z4]977=@_>ZY[TBH2-Q!V \D5(&A23@;D(Y!ZB
M@"(L2 "3@=!25+L1HF;."#P/6HR"#@]J $!P:>)' ;!^]U]Z%0D;B&VYY(%/
M#0K+P-R$=^HH B+$@ DX'04E2!%,1;.&SC'K49&#@]:  '!R*>)' 8 \-UXH
M5,C<P.S."0*>&A60\;D/KU% $18D $G Z4E2!%,6X$[LXQZU&1@X-  "0<@X
MIXE<*5SP>3Q0J<!F#;,XR!3PT2R$8W(>F>HH B+$@ DD#I25)L4PA@?FSC%1
M]* %!(.0<&G"1PI4'@\FA$'#.&V>HIX:)788W(1P3U% $18G&2>*2I/+4Q*P
M/S$XQ4= "@D'(.#3A(P0IGY3STH1!PSA@A[@4\-$K,,;E(X/<4 1%BV,DG%)
M4IC4Q*P)W$XQ45 "@D'(.#3O,;84S\IYQBE1 ,-(&"'N!2[HU+KC<#]T]Q0!
M&S%L9)./6DJ0QCRU92=Q_AJ.@!ZH3*$SSG%+,S%B#)N _*F \Y-22*&+&,?(
MH% R*I8"VXJJ[F88Y["H\'.,5)&%"LQD*D=AU- AJ(6E"@C.>M+*S%B"^X#\
MJ8#\W-22*I+-&/D7% $52P%B615!+#'/85'@DXQ4D8 1F\PJ1_".IH ;&A:4
M*" ?4T2LS,<N6QWIH(W#.<=\5)*H+,R#Y!@9H&15- 6.Y%4$L,$GL*BP3T!J
M1 !&S>:5/]T4 -B4M( " ?4T2,6;ERV.]-4C<,YQWQ4DJ@EF080' H BJ:$L
M59%4$MU)["HL'/0U(@58RWFD-_=% #8E+2  @'KDT2,S-RY;'>D3&X;L[<\X
MI\BY+.@P@.!0(BJ:(L4=%4'<.2:BP3V-2* L182$'^Z.*!B0J6D&&"D<Y--=
MF9N6+>YH3;O&[.WOBG2+DLZC"9P*!$=31%FC=%4'/+$^E18/I4@"K$2)#D\;
M10 D*EGR&"X&<FFNQ9N6+>YHCV[P'SM)YQ3I%Y+@87.!0,CJ:/<T3HJC'4DU
M%@^E2 !8<B0Y/\(XH$)"I+DA@NT9R::[%FY8GW-+'M\P;\[>]#KG+@84DXH
M94R%FA9%48^\2:BP3G@\5)@+#D2G)_A% Q(5)8D,%P,Y--=BS9+$^YI8MOF
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M4-2KL,1XR^<"HV4JQ4CD4  ZBI9]S%790NX<"HU7+#<=H/?%.E^]MWEL=S0
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M%0U-M5T14&7/7-0X- #HVVR*<9P>E.F#"0[@ 3R0*(D!DPS[/>FN<N>2?<T
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M[\8X8=* &-,[H%)X%1U)Y1\KS 1C."*CH <CM&VY3@TX2CRV4H#DY^E-1=S
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M(ZLQ*)M'IFE\G,1<,.#@CN*:\;(1N&,\B@!M2)*%C="N=W>HZ?'"\N=BYQ0
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M7:12 P[=C4 &3@5+]G9757PF[H30 >8GE;=@+ \-[5%G-2-"X9P!G8><5'0
MJMM8'&<'.#4WF1/([.I 8=NQJ  DX'6I?(82*CD(6'&:  R)Y6W8"P_B]JBZ
MT\Q."^!D*<$BF4 .1MC!L X.<&I-\3O(7!&[ICL:B ).!R:E%NPD".0A(R,T
M (9%,078-P_BJ(G-/,3C<0,A3@D4R@!R/L<-@'!S@U('B=I"X(W<C':H@"Q
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M&F22,X"EB57IFD>&1,;E(SR*90 JL5.5.#4Q\E_) RN.&S_.H*4*2,XXSC-
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MBH:F'E^0VYB9.BCL* &Q*C/^\;:O<TYYFV&(/N3MQBE@/RLBQAW/3(SBH#2
MECG9)5=OFVC'X4LD>(EE.,N3Q4-3?NA <L3(<8'84P&Q*C-^\?:H'6G23,4\
MK?N0=.,4L)RC(L8=ST)'05 : )HYV657;YL#'/I221%8DD)'SYXJ*I3Y?D'Y
MB9"1VZ"D D2HS'S'VJ!^-+),S+Y>[<@/!Q3HCF)E6,,Y[D=!4%,":.X9)0[?
M-@8YI)(MD:/D?/SBHJF/E^3]XF0G\ * &PI&Q/F/M %+),S)Y9;<HZ'&*6(Y
MB95C#-U+$=!4- $T=PRR[V^;Y<<]Z26(QHC$CYQG'I452MY?DC#%I"><]A0
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M?%.<[H%VQ@*HP6QU-04 3)*3&T6 2[#%,FC\J5DSG'>FC@CG'O4DWE941$D
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MF:AHH L?92LWENP7/*L>AI))2(S"-A&>64=:A.[OG\:2@!T;F.0.O45*RJT
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MS"2--G&"HZ&F2>4$0)N+XRQSP*BH G5HVA=2N9"WR_C44B-&Y1NH-"$JZE2
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M0 ]8S$BS,J,#_"QYH%R5=R@VHXY6F3B(/B+<0.I)J*@"PH26*.-5_>DXS[5
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M%1M/(RJI;A?N\=*822<DDGWH 5&VNK8!P<X-3RJ9DDN.B[L >U5J4$@$ ]:
M'B"0R"/&&(R 3UJ1@D2,CQ,)NQ)XJ-IY'"AF^[T]JC)).2>: '(VQPV <'H:
MFE0RH]SV+X ]JKTH8CC)P>M #Q!(9/+QAB,@$]:>VR*(H\3";U)XICSR/MW-
M]WH<=*C)).2: '1OLD5B 0#T/>II4,D;7&>"^ /:J]+D@$9.#UH D%O(9?+V
M_/C.,]:<_EQQE&B(FZ$D]*:]Q)(5+-RO0XQBHB<]: 'Q.(Y5<@$ YP:DEC+H
M;CLSGCTJ"E#$ C)P>U $BV\C2&,+\X[&G/Y:1%#$1-GDDTUYY'(9F.1T(XJ*
M@"2%Q',KD @'H:?+&S1B<_QL>/2H*4,0, \>E $BV\C2&,+\X[&G2>6D6SRR
MLN?F)-,>>21@S,=PXR.*CH DAD$4RN0" >13I(F,:S$Y\QC4-*&(X!XZT 2+
M;R/(T87YQU!-.D\M8]@C99<\DFF//)(P9F.X#&1Q4= $D$@BF5RH8#L:<\+>
M6DA.3(34-*&88P3P<T 2);R.S(J_,O44LIC6/8(RLF?F).::\\COO+'=C&1Q
M4= $MO*(9@Y4,!2O VR-^ID-0TX.RXP3P<CZT /2WDD9E5<LO4=Z60Q",(L9
M60'YB3FFO-([[F;YL8R.*CH EMY1#)N*@\&E>W=1%W,@X^M0TY792"">#D>Q
MH ?'!)(6"KDKU'>EE:+:JI&58?>R::\TCL6+'<1@D<9J.@"6";R7+;0>"!QT
MI7MV7RQU,@R*AIRR,A4@XVG(]J 'QP22;MJY*]1WI96BVJL<94C[V3FF/*[L
M6+')&#CC-,H E@F\DL< Y4@''0TY[9U:-1R77(J"G+(Z,"K$$=/:@!\<$D@)
M5<[>HSS1,T6%6-"I'WLGO37E=V+%CENN.,TR@"6&;RM_ )92 >XITELZ.B#E
MF7=Q4%/25T965CE>GM0 Z."212RKN"GD9YHF:(A1$A7'7)YS36E=F8ECENN.
M,TR@"6&41B08!++@'TITELZ2*@&YF7< *@IZ2O&RLK'*]/:@!T<#R*75=R@\
M@&B9HCM$2%0!SGJ336D=BQ+'YNN.,TR@"6&7RTD7:,NN ?2EDMG241@;B5SQ
M4-/25XV#*QRO3VH =' [KO5=R@\@'FB9HF($2%0!SGKFF-(S%LD_-UQQFFT
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M=J=A32S$8R<9SBDH L1.9(EMU !9QS[5&\+*T@P2$.#4=2)/)'NVM][KGG-
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M.%.#[4RI%GD0, WWOO9&<T 2+#Y8$DT9:(]U-0N59R57"YX%(6) !)P.@I*
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M'L* *W6K"QQQAEN%D5B/E..!3+="\P <)CG<>U-E=F<YD+@=":8#S)&T*J4
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M01@BG0L4E5@NX@Y ]:?<JZS9DP'8;B!VI@)'$=HD=7,>>2HJ020),<)NB8<
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M7BIG$:0#9,S$GE>@%!NW$QEC548C!QWJ%F+,68Y)H DMS&)AYH)2D>-@%<C
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M*F6ZD$B.V&*# S0!&%)&3G;GKBI)MBJJI,T@ZGT'X4"Y="_EX0/U J'K0!-
MT863S!D[?E],TQXVC(##!(S^%,J=;IQ(CMABHP,]Q0!$%/!.0OKBI)]BA525
MI!C)ST% N73>(_D5^H':H: )H6C"2;QEMOR?6F21M&VUA@XS3*G6Z?S5D;#%
M1CGN*0$2IG!;(7UQ4D^Q=JI*T@QG)Z4"Y=%=8_E5NP[5#3 FA:(1R;QE\?)3
M)(VC<JPY R:8#@YJ=;EQ*)& <A=O/>@")5Y!;(4]\9J2?8"JI*T@QG)Z4"Y=
M$=$.U6/0=JAH FC:,0R;ES)C"YIDD31N48<CK3 2#D=:G6Z<2^8P#DKM.>]
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MM/DN))(U1FRJ]!45 %G:LR1QPK\YR7)JO@TZ.5XG#(<&GB?$+1%%()W9[@T
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M:A=B!'YR<$FJU $WD;H7D5AA6P0:AI\; , Q.S() IUP=TI<(4#\@4 ,1=S
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M0DDL;2QC:J[2%[B@"N!D@>M6)Q+%"D3NNT\A5_G2+-'&'41AU/W=XY%5SS2
MGA57CD#N0%&X+ZFH2".HQGFDJS]H229'ECX"[2%[TP*X&2!5BX$L421.RXZA
M5IHFC1701AU)^4N.14&: )X@KPR!W("#<%]34)!4X(Q2 XJSYZ23K)+'QMPP
M7O0!74;B ,<^M6+CS8T2&1EP.0JCI31-&D;H(PX)RI8<BH* )X@KP2;W("<A
M?4U"00<$8- .#5CSXY9_,E3@K@A: *ZC<P QSZG%3W/FQJL4C*0.0JCI2"9%
MC=!&KY/RLPY%09I 3QA7MW+N?D^ZGN>]0D%3@C!]#0#@@_SJQY\<LY>9.&7!
M"^OK0!752S!01D^IQ4]SYJ!(I&4[1D!1TI/.18F3RU;GY68<BH*8$Z!6MG9G
M.4^ZGU[U"05.",&A3M(/H>]6//BDG=Y4.&7&%]?6@"!%+L%&,GU.*FN3(NR*
M1E.T<!1TIOG*(3'Y:MSPQ'(%0T@)U56M69G.4.%7Z_Y-0L"I((P1VH5MK X!
MP<\U8\^*29WE0X=?X>Q]:8$"(7<*,9/J<5-=&0,L<C*2@Z*.E-\Y/(\ORU8Y
MX8CG%0T 3@*]J69R64[57TS4)!!((P12HQ1PP .#G!J?S8GED>5#AQ_#V/K2
M @C0R.%7&3ZFI;EI PCD924&,*.!09E\CR_*4D='(YQ4%,"QM5[7>SDLIVJO
MI4!!!P1@CBEC<QNK  X.<&IA+"\DC2(<..-O8T 11H9) JXR>F3BI+EI/,"2
M.K%./E' I#,I@$?EJ6'\??%0YS2 GVJUL'+EGSM5?2H""#@]:=&YCD5P 2#G
M!J82PNTID0_/R-O8T 111M(X5<9]S4ETSF3;(RL5&.!TI&F4PA/+7</X\<U#
MUI@6&4-;J^\L^=H7TJN1@X-/BD,4BN "0<X-2B2%O-,BMESE<=C0!%%&TL@5
M<9]S3[EG:7$C!F48R!Q0\ZM"J>4FX?QXYJ&D!.5#6RN7+/G8%]*A((.#3HY#
M%(K@ D'/-2B6%S*9$(WG*[><&F!%%&TD@5<9]S3[EG,NV1PQ48X' H:96A5/
M*3</X\<U#0!8*![='WEG)VA?2J]/BD,4BN #@YP:E$D+>;YB$%SE2.U(".&-
MI9 J;<^YIURSM-AV#,ORY XH>96B5/+4,/X^YJ&F!89 T"/O+R$[0OH!_D57
MJ2&4PR!P 2.QIX>$K+N1@6.5QVH 9#&TL@5-N[MN-+<.[RG>X9EXR.E+),KQ
M*HC4,.K=S4-("PZ!X(WWEY&.,>F.U5ZDAF,,H< ''8T]6A,;AE8,3E2.U #8
M(WDE 3;N_P!HT3N[S'>P8CC(Z4LDZO&JB-0PZL.":AI@6)%#11N'+R/V],=J
MKU)!,8) X ..QIX>$Q,K*P?=E2.WM0 VWB>20>65W#GYC23NSRL68,>F13I9
MED10(U5AU8=ZAI 6)4#)&P8O(_)]L57J6"8P2APH/;!I0\/D,K*P?=E2/3TH
M +>)Y)!Y>W<.?FILSL\S,S;CZCO3I9ED"XB52.K#O4-,"Q,@*1N'+NX);VJO
M4L$Q@DW;0W&"#2AH?(VD,) V0P]*0"VT4DDF8RN5Y^8TR5V>5F9MQSUQUITT
MRR!=L2H0.2O>H:8%B= 0C!S([@LQ_P _C5>I8)O)8G:&!&#GTI0T7D8(;S <
M@CI2 6VBD=\QE05Y^;''X5'*[22,S-N)[XI\TRR8VQ*AQR1WJ&F 5+#!).3L
M7..M1@$L!@_05-.Z941Q-&0.I/)H 00Y@:3>,J<%>],DB>(C>,9Y'O3=Q)))
M)SU]ZL(Z2@F=L!4VK]: *U2Q6\DV=BYP.:C498#!Z]!4T[IN'EQ-&1W)Y- #
M?)_T<RAQP<%>XILD3Q-AUQGD>]-))SDGGK[U85EF1S,V-J!4'O0!6J6*WDF#
M%%R!UIBKEP,$\] .:EG=-X\N(Q$>] #?)'D>:'!YP5[BFR1/$VUUQZ>]-R3U
M/6K"LLR2-,WS!0J"D!6J6.WDE5F1<A1S3$&YP,$COCK4DSIY@,<9B(]Z8 8/
MW E#J<MMQW%,DB>)BKJ0:;D^IYJP&69)'F;Y\ (*0%:I8[>25&=5R%'-,1=S
M@$$CN!UJ2:1?,S'&8B/>F &#]RL@=2"VW'I4<D;Q/M=<&FY/K5G<LT<LDK?O
M. @H K5*EO))&SJORJ,FF1@%QD,1W"]:DFD7S<Q(8O;-  8/W2.KJVX[<>AJ
M-XVC<JZD$=J;D^M62RS1R22M^\)&T"@"M4J6\CQ-(J_*O4TV( R#*LP') IT
MKKYA,:&+VS0 I@^1&5U8.<#V-1NC1N5=2".QI 2.]6&*2PO)(V9F;Y0/2@"M
M4JV\C1-*%^5>])$ 9!N4L!R0!UI977S28T,7J,T *UOQ&5<-YAP/8U&Z-&Q5
MP01V-("01@].:G8K+"\CMF9FR![4 5ZE6WD:$R[?D%)" 9061F4<D =:61QY
MA,:F,=",T .:WQY>UU;S.E1,C(Q5@01V-(&*D$'H<U.Y22!I&.9F?.!Z4 5Z
ME%O(83+M^0=Z2 #S061G Y*@=:)'&\^6IC!X*YH >UN?W>QU?S.E0LK(Q5@0
M1U!I5<JRL#R#D5*^QX"[-F9G)X]*0$%2BWD\GS=OR9QFB #S 6C9U'\(I)'&
M]C&"@/;-,![6Q!C",'\P9&*A92K%6!!'44J.R,K \J<BI7V- '+9F9B2!Z4
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MF^RLLJQR,$+#()Z4(8T@.^%F+=&Z 5"6) &3@=!0!(8' <@9"'!([5%4B2,
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M1VIE30ODK$S8C+ MFF2A1*VSE,\9]* $1&D<*HR34RVI,K1,X1QS@]Z0F-(
MIA;?_?/%0EF)!+$XZ<T .,3B(28^0\9IE30ON*1.V(MVXYID@42-L.5SQ]*
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MV+,<D\DTP+$GF/:H[, @^55!JM4L,@1TW@L@.<4_9"YE(?:0<IGN*0$*(SL
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
' "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>newgoldlogoandborder.jpg
<TEXT>
begin 644 newgoldlogoandborder.jpg
M_]C_X  02D9)1@ ! 0$ D "0  #_X1"L17AI9@  34T *@    @ !0$2  ,
M   !  $   $[  (    /   (5H=I  0    !   (9IR=  $    >   0ANH<
M  <   @,    2@     <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M     $YA=&%S:&$N1V5R8F5R     >H<  <   @,   (>      <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M##X:S7FF1I<:U>SQ6.FPLN\2W$CX0$?G7BWQC^$^HZ+^S'H_B94*>*]%OO\
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MR$?I(F\.. 17.?L(H=+_ ."NG[0UOJ7[O4KB.:2TW_?>#[5&XV>VQXZ^D?\
M@I'KVG^'?V&/BA-?^7Y,^ASVL8?^*:3]W'_Y$9*/B@'PS(?^"8T?E?L%_"_;
M_P! 9?\ T-Z]ZKP?_@F3_P F&_"__L"I_P"AO7O%53^$BI\3"BBBM" HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M8Y/[-T.#RQ)(<R7#D[GD?_;=R3^-=WN-:>S,[GCWPC_9IN/"VO?VGXV\1?\
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHS1F@ HHS1F@
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M9X)_\)2Z_P#EC7>44>S#F/-+_0/BYYW^B^+/ASY7_3;PI>Y_34:B_L#XR_\
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M-_#J+_&5\6]/_)6M#_A._B%_T(&F_P#A2I_\8KOMQHW&CV8KG _\)W\0O^A
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MOBA_X*H/_C]'_#3EU_T3+XH?^"J#_P"/UZELHV4>^/W3RW_AIRZ_Z)E\4/\
MP50?_'ZNP?M!>; DC>!_B%'G^%M(Y3_Q^O1=E&RCWP]T\_\ ^%^_]25\0/\
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
=10 4444 %%%% !1110 4444 %%%% !1110!__]D!

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