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Guidance

2020 Attributable Production and Cost Guidance1


2020

Essakane (000s oz.) 365 - 385
Rosebel (000s oz.) 245 – 2650
Westwood (000s oz.) 90 - 110
Total attributable production (000s oz.) 700 - 765

Cost of sales2 ($/oz) $900 - $950

Total cash costs 3,4 - owner-operator ($/oz.) $840 - $890

All-in sustaining costs 3,4 - owner-operator ($/oz.) $1,100 - $1,150

1 Guidance is based on 2020 full year assumptions with an average gold price per ounce of $ 1,350, average crude oil price per barrel of $62, U.S. dollar value of the Euro of $1.15, and Canadian dollar value of the U.S. dollar of $1.30.

2 Cost of sales, excluding depreciation, is on an attributable ounce sold basis (excluding the non-controlling interest of 10% at Essakane and 5% at Rosebel).

3 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of this MD&A.

4Consists of Rosebel, Essakane, and Westwood on an attributable basis.


2020 Capital Expenditure Guidance

($ millions) Sustaining1 Non-sustaining (Development/ Expansion) Total2
Owner-operator
Essakane 40 100 140
Rosebel 55 60 115
Westwood 25 25 50
Owner-operator 120 185 305
Corporate and Development Projects2 - 10 10
Total3,4 (±5%) 120 195 315

1 Sustaining capital includes capitalized stripping of $15 million for Rosebel. In accordance with the World Gold Council guidance on all-in sustaining costs, non-sustaining capital includes capitalized stripping of $80 million at Essakane, and $35 million at Rosebel.

2 Includes $11 million of capitalized exploration expenditures. See Exploration Plan 2020 table in the following section.

3 Capitalized borrowing costs are not included.

4 In addition to the above capital expenditures, $20 million in total principal lease payments are expected.


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