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guidance

Guidance

Total attributable production guidance for 2021 has been reduced due to lower than expected actual production in the first half of 2021 from the Westwood and Rosebel mines and expected lower than previously guided output for the remainder of 2021 for the reasons noted in the Q2 2021 news release (here), partially offset by higher production at the Essakane mine in the first half of 2021. Total per-ounce costs guidance for 2021 has been increased mainly to reflect the lower attributable total production guidance and cost pressures experienced in the first half of the year, certain of which are expected to continue in the second half of 2021, along with a stronger Canadian dollar and euro. All-in sustaining costs per ounce sold are affected by the factors noted above and also reflects planned increased spending on sustaining capital investments in the second half of 2021.





Total capital expenditures for 2021 are expected to increase from approximately $710 million to $745 million, primarily as a result of expected capital expenditures increases at Côté Gold. Site capital expenditures estimates are expected to be lower at $260 million than the previously provided guidance of $295 million primarily due to an expected reduction in planned work at Essakane and Rosebel. Côté Gold's estimated 2021 capital expenditures are expected to increase from $355 million in the Company's previous 2021 guidance to approximately $430 million. Sustaining capital expenditures are expected to increase in the second half of 2021, compared to the first half, reflecting the timing of spend on major projects at Essakane and Rosebel, alongside increased development costs reflecting the resumption of underground operations at Westwood. Expansion capital expenditures are expected to increase in the second half of 2021, primarily reflecting construction progress at Côté Gold as well as increased expansionary stripping campaigns anticipated in the second half of the year at Essakane and Rosebel.








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