Kinross Gold : Third Quarter Financials Summary

BS

(unaudited, expressed in millions of U.S. dollars, except share amounts)
As at
September 30,	December 31,
2022	2021
Assets
Current assets
Cash and cash equivalents	$ 488.4	$ 531.5
Restricted cash	8.2	11.4
Accounts receivable and other assets	292.2	214.5
Current income tax recoverable	6.5	10.2
Inventories	1,092.1	1,151.3
Unrealized fair value of derivative assets	26.7	30.0
1,914.1	1,948.9
Non-current assets
Property, plant and equipment	7,860.3	7,617.7
Goodwill	-0	158.8
Long-term investments	99.0	98.2
Other long-term assets	666.1	598.0
Deferred tax assets	-0	6.5
Total assets	$ 10,539.5	$ 10,428.1
Liabilities
Current liabilities
Accounts payable and accrued liabilities	$ 495.6	$ 492.7
Current income tax payable	52.6	95.0
Current portion of long-term debt and credit facilities	40.0	40.0
Current portion of provisions	35.8	90.0
Other current liabilities	19.1	23.7
643.1	741.4
Non-current liabilities
Long-term debt and credit facilities	2,471.6	1,589.9
Provisions	678.1	847.9
Long-term lease liabilities	25.5	35.1
Other long-term liabilities	131.2	127.4
Deferred tax liabilities	356.8	436.8
Total liabilities	$ 4,306.3	$ 3,778.5
Equity
Common shareholders' equity
Common share capital	$ 4,679.6	$ 4,427.7
Contributed surplus	10,675.0	10,664.4
Accumulated deficit	(9,108.5)	(8,492.4)
Accumulated other comprehensive income (loss)	(69.2)	(18.8)
Total common shareholders' equity	6,176.9	6,580.9
Non-controlling interests	56.3	68.7
Total equity	6,233.2	6,649.6
Total liabilities and equity	$ 10,539.5	$ 10,428.1
Common shares
Authorized	Unlimited	Unlimited
Issued and outstanding	1,285,406,778	1,244,332,772

P&L

(unaudited, expressed in millions of U.S. dollars, except share and per share amounts)
Three months ended	Nine months ended
September 30,	ERROR:#REF!	September 30,	September 30,	ERROR:#REF!	September 30,
2022	ERROR:#REF!	2021	2022	ERROR:#REF!	2021
Revenue
Metal sales	$ 856.5	$ 582.4	$ 2,378.9	$ 1,984.7
Cost of sales
Production cost of sales	465.3	289.8	1,279.2	914.0
Depreciation, depletion and amortization	185.1	173.2	532.1	530.3
Total cost of sales	650.4	463.0	1,811.3	1,444.3
Gross profit	206.1	119.4	567.6	540.4
Other operating expense	12.2	92.3	83.7	181.7
Exploration and business development	42.3	24.4	105.6	63.4
General and administrative	40.3	26.4	100.5	85.5
Operating earnings (loss)	111.3	(23.7)	277.8	209.8
Other income (expense) - net	5.6	3.3	(0.4)	(8.7)
Finance income	6.5	1.2	10.7	4.1
Finance expense	(23.3)	(18.5)	(68.0)	(56.0)
Earnings (loss) from continuing operations before tax	100.1	(37.7)	220.1	149.2
Income tax expense - net	(34.5)	(35.4)	(82.7)	(113.6)
Earnings (loss) from continuing operations after tax	65.6	(73.1)	137.4	35.6
Earnings (loss) from discontinued operations after tax	(0.8)	27.2	(636.3)	186.1
Net earnings (loss)	$ 64.8	$ (45.9)	$ (498.9)	$ 221.7
Net earnings (loss) from continuing operations attributable to:
Non-controlling interests	$ (0.3)	$ (0.2)	$ (0.5)	$ (0.7)
Common shareholders	$ 65.9	$ (72.9)	$ 137.9	$ 36.3
Net earnings (loss) from discontinued operations attributable to:
Non-controlling interests	$ 0.2	$ (0.8)	$ 0.8	$ (1.5)
Common shareholders	$ (1.0)	$ 28.0	$ (637.1)	$ 187.6
Net earnings (loss) attributable to:
Non-controlling interests	$ (0.1)	$ (1.0)	$ 0.3	$ (2.2)
Common shareholders	$ 64.9	$ (44.9)	$ (499.2)	$ 223.9
Earnings (loss) per share from continuing operations attributable to common shareholders
Basic	$ 0.05	$ (0.06)	$ 0.11	$ 0.03
Diluted	$ 0.05	$ (0.06)	$ 0.11	$ 0.03
Earnings (loss) per share from discontinued operations attributable to common shareholders	$ -0	$ 0.02	$ (0.49)	$ 0.15
Basic	$ -0	$ 0.02	$ (0.49)	$ 0.15
Diluted
Earnings (loss) per share attributable to common shareholders
Basic	$ 0.05	$ (0.04)	$ (0.39)	$ 0.18
Diluted	$ 0.05	$ (0.04)	$ (0.39)	$ 0.18

SCF

(unaudited, expressed in millions of U.S. dollars)
Three months ended	Nine months ended
September 30,	September 30,	September 30,	September 30,
2022	ERROR:#REF!	2021	2022	ERROR:#REF!	2021
Net inflow (outflow) of cash related to the following activities:
Operating:
Earnings (loss) from continuing operations after tax	$ 65.6	$ (73.1)	$ 137.4	$ 35.6
Adjustments to reconcile net earnings (loss) from continuing operations to net cash provided from operating activities:
Depreciation, depletion and amortization	185.1	173.2	532.1	530.3
Share-based compensation expense	1.4	2.4	7.4	8.4
Finance expense	23.3	18.5	68.0	56.0
Deferred tax expense	5.5	8.2	3.4	4.5
Foreign exchange (gains) losses and other	(1.5)	12.1	8.2	36.9
Reclamation (recovery) expense	(20.0)	-0	3.9	-0
Changes in operating assets and liabilities:
Accounts receivable and other assets	(15.6)	(11.3)	-0	47.0	(2.0)
Inventories	(70.0)	(11.6)	(222.4)	(71.2)
Accounts payable and accrued liabilities	12.9	32.6	64.0	81.3
Cash flow provided from operating activities	186.7	151.0	649.0	679.8
Income taxes paid	(13.5)	(10.7)	(120.8)	(132.7)
Net cash flow of continuing operations provided from operating activities	173.2	140.3	528.2	547.1
Net cash flow of discontinued operations (used in) provided from operating activities	(1.6)	129.6	47.6	390.8
Investing:
Additions to property, plant and equipment	(197.3)	(203.8)	(447.4)	(566.0)
Interest paid capitalized to property, plant and equipment	(20.5)	(13.0)	(36.7)	(43.2)
Acquisitions net of cash acquired	-0	-0	(1,027.5)	-0
Net additions to long-term investments and other assets	(9.5)	(12.4)	(43.6)	(28.9)
(Increase) decrease in restricted cash - net	(1.2)	0.5	(2.3)	-0
Interest received and other - net	2.0	(2.4)	6.7	(1.4)
Net cash flow of continuing operations used in investing activities	(226.5)	(231.1)	(1,550.8)	(639.5)
Net cash flow of discontinued operations provided from (used in) investing activities	43.3	(27.9)	296.2	(215.1)
Financing:
Proceeds from drawdown of debt	100.0	-0	1,197.6	-0
Repayment of debt	(200.0)	-0	(320.0)	(500.0)
Interest paid	(26.2)	(20.0)	(51.8)	(46.9)
Payment of lease liabilities	(6.0)	(8.5)	(17.1)	(24.1)
Dividends paid to common shareholders	(39.0)	(37.8)	(116.9)	(113.5)
Repurchase and cancellation of shares	(60.2)	(31.8)	(60.2)	(31.8)
Other - net	(4.9)	(1.0)	3.9	7.9
Net cash flow of continuing operations (used in) provided from financing activities	(236.3)	(99.1)	635.5	(708.4)
Net cash flow of discontinued operations used in financing activities	-0	-0	-0	-0
Effect of exchange rate changes on cash and cash equivalents of continuing operations	(1.0)	(0.5)	(1.4)	(0.5)
Effect of exchange rate changes on cash and cash equivalents of discontinued operations	(0.3)	(0.8)	1.6	0.8
Decrease in cash and cash equivalents	(249.2)	(89.5)	(43.1)	(624.8)
Cash and cash equivalents, beginning of period	719.1	675.6	531.5	1,210.9
Cash and cash equivalents of assets held for sale, beginning of period	18.5	-0	-0	-0
Cash and cash equivalents, end of period	$ 488.4	$ 586.1	$ 488.4	$ 586.1

AISC & AIC Rec By-prod YTD Q122

AISC & AIC Reconciliation By-Product Basis
YEAR-TO-DATE
Q1 2022	JB ok	JB ok	JB ok	JB ok	JB ok	JB ok	JB ok
KARS	Adjustments for Non Recurring Items	Q1 YTD	Q4 YTD	Q1 QTD
Per KARS on an Attributable Basis Note A Beatrice Balaceanu: Beatrice Balaceanu: Updated all below for Q1 22 recast without Chirano and Russia	Taxes in respect of prior periods (A)	Accretion Expense of closed or development projects reclassified to NS (B)	Chirano mining productivity & related costs (C)	Tasiast Mill Fire (D)	Reclamation Recovery (E)	Rounding	To be reported in the MD&A	To be reported in the MD&A PQ	To be reported in the MD&A RC
USD millions	USD millions	USD millions	USD millions	USD millions	USD millions
Production cost of sales net of silver by-product revenue	358.7	358.7	358.7
Adjusting items:
General and administrative	30.2	30.2	30.2
Other operating expense - sustaining	12.8	(5.7) Beatrice Balaceanu: Beatrice Balaceanu: No Russia or Chirano impact	(1.5) Beatrice Balaceanu: Beatrice Balaceanu: No Russia or Chirano	5.6	5.6
Reclamation and remediation - sustaining	9.0	(1.2) Beatrice Balaceanu: Beatrice Balaceanu: no Russia or Chirano impact	7.8	7.8
Exploration and business development - sustaining	6.9	6.9	6.9
Additions to property, plant and equipment - sustaining	41.2	(0.1)	41.1	41.1
Lease liability payments - sustaining	5.2	5.2	5.2
All-in Sustaining Cost on a by-product basis	464.0	(5.7)	(1.2)	- 0	(1.5)	- 0	(0.1)	455.5	455.5
Other operating expense - non-sustaining	2.4	9.8 Beatrice Balaceanu: Beatrice Balaceanu: Removed Chirano portion	Beatrice Balaceanu: Beatrice Balaceanu: No Russia or Chirano impact	12.2	12.2
Reclamation and remediation - non sustaining	- 0	1.2	1.2	1.2
Exploration - non-sustaining	15.0	0.1	15.1	15.1
Additions to property, plant and equipment - non-sustaining	58.7	58.7	58.7
Lease liability payments - non-sustaining	0.2	0.2	0.2
Business Development non-sustaining	1.4	1.4	1.4
All-in Cost on a by-product basis - attributable	541.7	(5.7)	- 0	- 0	(1.5)	9.8	- 0	544.3	544.3
Gold ounces sold	371,335	371,335	371,335
All-in sustaining cost per ounce sold on a by-product basis	1,250	1,227	1,227
Attributable all-in cost per ounce sold on a by-product basis	1,459	1,466	1,466
Note A - Reconciliation to FS Beatrice Balaceanu: Beatrice Balaceanu: No rec here	Beatrice Balaceanu: Beatrice Balaceanu: Removed this entirely as all related to Chirano	Beatrice Balaceanu: Beatrice Balaceanu: no Russia or Chirano impact	Beatrice Balaceanu: Beatrice Balaceanu: No Russia or Chirano	(A) Taxes in respect of prior periods
G&A - sustaining	30.2	above	JB ok	Q1 QTD UTP
Per FS	30.2	FS	JB ok	TMLSA	6.2	Other op costs - UTP reserve accrual
difference	-0	JB ok	KBM	(0.6)	Other op costs - UTP provision
Rounding	0.1
Other operating expense - sustaining	12.8	above	JB ok	5.7	JB ok
Other operating expense - non-sustaining	2.4	above	JB ok	Remove tax provision	0.2	Non-recurring schedule
Add: NCI	(0.0)	KARS: Other op costs non-sus+sus at Chirano x 10%	JB ok	5.9
Add: rounding	- 0	JB ok
Total	15.2	JB ok	(B) Accretion Expense adjusted for non-sustaining for closed or non-operating entities:
Per FS	15.2	FS	JB ok	From KARS:	551105 - Accretion expense
difference	(0.0)	JB ok	Echo Bay Minerals Company (Kettle River-Buckhorn)	202,112
Compania Minera Mantos de Oro	726,984
Reclamation and remediation - sustaining	9.0	above (includes accretion expense and amortization of ARO assets)	Sunnyside Gold Corporation	4,329
Reclamation and remediation - non sustaining	- 0	above	Lassen Gold Mining, Inc. (Hayden Hill)	12,653
Add: NCI	- 0	KARS - 611060 depreciation ARO intangibles	Compania Minera Maricunga	292,706
Add: NCI	0.0	KARS - 551105 Accretion expense	Peak Gold LLC (70%)	1,090
Total	9.0	1,239,875	(C) - $1.2M Adjusted out of AISC to AIC
Per KARS	4.1	FS Accretion on reclamation and remediation obligations	JB ok
Per KARS	4.9	KARS - 611060 depreciation ARO intangibles	Note C - Other:
Total	9.0	"Other" includes:
difference	0.0	(Gain) loss on hedges	0.60	N/A - not within operating expenses.
(Gain) loss on sale of assets	1.40	N/A - not within operating expenses
Exploration and business development - sustaining	6.9	above	JB ok	(C) Chirano mining productivity & related costs	6.0	Non-recurring schedule
Exploration - non-sustaining	15.0	above	JB ok
Business Development non-sustaining	1.4	above	JB ok	(D) Tasiast mill fire
Add: Rounding	above, m	JB ok	Other operating costs portion	1.5	Non-recurring schedule
NCI - Chirano	FS - 10% of $0.3M for Chirano	JB ok	Other income (expense) portion	0	N/A - not within operating expenses
NCI - Peak	(0.0)	FS - 30% of $0M for Peak	JB ok	1.5
Total	23.3	JB ok
Per FS	23.3	FS	JB ok	Miscellaneous portion	(10.0)	Non-recurring schedule - not within operating expenses
difference	(0.0)	JB ok	Insurance claim proceeds portion	10.0	Non-recurring schedule - not within operating expenses
- 0	Non-recurring schedule
Additions to property, plant and equipment - sustaining	41.2	above	JB ok
Additions to property, plant and equipment - non-sustaining	58.7	above	JB ok	Total Other	9.5	Agreed to Adj net earnings
Add: Core Credits	0.0	KARS - 90051_CORECR - Tasiast core credits	JB ok
Add: NCI Chirano	10% of Capex Chirano $3.8M	JB ok	Note D - Tax impacts of adjusting items
Add: NCI Peak	0.9	30% of Capex Peak $2.9M	JB ok	(Gain) loss on hedges	0.2
Rounding	(0.1)	JB ok	(Gain) loss on sale of assets	(0.5)
Total	100.7	JB ok	Chirano mining productivity	(2.1)
Per FS	100.7	FS	JB ok	(2.4)	Agreed to Adj net earnings
difference	(0.0)	JB ok
Lease liability payments - sustaining	5.2	above	JB ok	(E) Reclamation recovery
Lease liability payments - non-sustaining	0.2	above	JB ok
Less: Rounding	- 0	JB ok	Non-Sustaining:
Total	5.4	JB ok	Maricunga	(2.3)	Other op costs - reclamation recovery
Per FS	5.4	FS	JB ok	Kettle River	(1.8)	Other op costs - reclamation recovery
difference	-0	JB ok	La Coipa	(5.8)	Other op costs - reclamation recovery
Chirano	(2.1)	Other op costs - reclamation recovery
(11.9)	Non-recurring schedule
JB ok

AISC & AIC Rec By-prod Q221

AISC & AIC Reconciliation By-Product Basis

YEAR-TO-DATE

Q2 2021

JB ok

JB ok

JB ok

JB ok

JB ok

JB ok

JB ok

KARS

Adjustments for Non Recurring Items - Note B

Q2 YTD

Q1 YTD

Q2 QTD

Per KARS on an Attributable Basis Note A

Taxes in respect of prior periods (A)

Impact of COVID-19 (B)

Accretion Expense of closed or development projects reclassified to NS (C)

Reclamation Costs (D)

Round Mountain Abnormal Costs (E)

Tasiast Mill Fire (F)

Paracatu Warehouse Event (G)

Rounding

To be reported in the MD&A

To be reported in the MD&A

To be reported in the MD&A RC

USD millions

USD millions

USD millions

USD millions

USD millions

USD millions

USD millions

Production cost of sales net of silver by-product revenue

610.5 Beatrice Balaceanu: Beatrice Balaceanu: All updated as recast to exclude Russia and Chirano

0.1 Jessica Budd: Jessica Budd: think you need a rounding here BB: updated

610.6

286.0

324.6

Adjusting items on an attributable basis:

General and administrative

59.1

59.1

30.6

28.5

Other operating expense - sustaining

59.9

(12.5) Beatrice Balaceanu: Beatrice Balaceanu: Less Russia, nothing in Chirano

(8.6)

(26.6)

(5.1)

(1.8)

5.3

2.3

3.0

Reclamation and remediation - sustaining

20.7

(1.7)

19.0

10.0

9.0

Exploration and business development - sustaining

14.6

14.6

7.5

7.1

Additions to property, plant and equipment - sustaining

107.8

107.8

46.4

61.4

Lease liability payments - sustaining

15.3

0.1

15.4

7.5

7.9

All-in Sustaining Cost on a by-product basis

887.9

(12.5)

(8.6)

(1.7)

- 0

(26.6)

(5.1)

(1.8)

0.2

831.8

390.3

441.5

Other operating expense - non-sustaining

29.5

(0.3) Beatrice Balaceanu: Beatrice Balaceanu: Less Russia, nothing in Chirano

(10.0) Beatrice Balaceanu: Beatrice Balaceanu: Nothing Russia or Chirano related

19.2

9.7

9.5

Reclamation and remediation - non sustaining

- 0

1.7

1.7

0.9

0.8

Exploration - non-sustaining

21.8

21.8 Jessica Budd: Jessica Budd: think you need to add the business development into here for the MDA table no? or else we are not reconciling because you haven't carried it across in line 21 below BB: added in line below

9.4

12.4

Additions to property, plant and equipment - non-sustaining

252.3

252.3

134.3

118.0

Lease liability payments - non-sustaining

0.2

0.2

0.1

0.1

Business Development non-sustaining

2.1

2.1

1.4

0.7 Jessica Budd: Jessica Budd: Missing here BB: updated

All-in Cost on a by-product basis - attributable

1,193.8 Jessica Budd: Jessica Budd: missing adding cell C21 into sum BB: updated

(12.5)

(8.9)

- 0

(10.0)

(26.6)

(5.1)

(1.8)

0.2

1,129.1

546.1

583.0

Gold ounces sold

1,065,843

(220,880.93)

Less: Russia

763,441

381,151

382,290

All-in sustaining cost per ounce sold on a by-product basis

1,163

(81,521.57)

Less: Chirano

1,090

1,024

1,155

Attributable all-in cost per ounce sold on a by-product basis

1,564

763,440.50

1,479

1,433

1,525

Note A - Reconciliation to FS

Note B - Reconciliation to adjusted net earnings:

G&A - sustaining

59.1

above

JB ok

Six months ended

Per FS

85.5

FS

JB ok

(in millions, except per share amounts)

June 30,2021

difference

(26.4)

JB ok

Net earnings attributable to common shareholders - as reported

$ 268.8

FS

Adjusting items:

Other operating expense - sustaining

59.9

above

JB ok

Foreign exchange losses (gains)

7.6

N/A - not within operating expenses

Other operating expense - non-sustaining

29.5

above

JB ok

Foreign exchange losses (gains) on translation of tax basis and foreign exchange on deferred income taxes within income tax expense

(7.4)

N/A - not within operating expenses

Add: NCI Peak

(0.0)

KARS: Other op costs non-sus+sus at Peak x 30%

JB ok

Taxes in respect of prior periods

23.7

(A) Adjusted out of AISC, but for $1.7m (in Taxes - see below)

Add: rounding

- 0

JB ok

Reclamation and remediation expense

10.0

(D) Adjusted out of AISC (grouped in "other" line on MD&A)

Total

89.4

JB ok

Reversal of impairment charge

- 0

N/A - not within operating expenses

Per FS

181.7

FS

JB ok

COVID-19 costs

19.2

(B) Adjusted out of AISC

difference

(92.3)

JB ok

Round Mountain abnormal costs

26.6

(E) Adjusted out of AISC

Tasiast mill fire costs

12.1

(F) $5.1M adjusted out of AISC

Reclamation and remediation - sustaining

20.7

above (includes accretion expense and amortization of ARO assets)

JB ok

Paracatu warehouse event

(1.1)

(G) Adjusted out of AISC (grouped in "other" line on MD&A)

Reclamation and remediation - non sustaining

- 0

above

JB ok

Other

1.6

See Note C

Add: NCI Peak

0.0

KARS - 551105 Accretion expense

JB ok

Tax effect of the above adjustments

(11.8)

See Note D

Total

20.7

JB ok

Per FS

5.4

FS Accretion on reclamation and remediation obligations

JB ok

80.5

Per FS

15.4

KARS - 611060 depreciation ARO intangibles

JB ok

Adjusted net earnings attributable to common shareholders

$ 349.3

Total

20.7

JB ok

Weighted average number of common shares outstanding - Basic

1,260.2

difference

(0.0)

JB ok

Adjusted net earnings per share

$ 0.28

(A) Taxes in respect of prior periods

Exploration and business development - sustaining

14.6

above

JB ok

Q1 QTD UTP

Exploration - non-sustaining

21.8

above

JB ok

TMLSA

8.4

Non-recurring tax schedule

Business Development non-sustaining

2.1

above

JB ok

KBM

- 0

Non-recurring tax schedule

Add: Rounding

- 0

above, m

JB ok

CMGC

11.5

NCI - Peak

0.5

FS - 30% of $1.6M for Peak

JB ok

Rounding

0.1

To match to total rounded number per non-recurring tax schedule

Total

39.0

JB ok

20.0

Per FS

63.4

FS

JB ok

Paracatu write off

- 0

(D) Adjusted out of AISC

difference

(24.4)

JB ok

Remove tax provision

-1.9

Non-recurring schedule

18.1

Additions to property, plant and equipment - sustaining

107.8

above

JB ok

Additions to property, plant and equipment - non-sustaining

252.3

above

JB ok

Q2 QTD UTP

Add: Core Credits

0.0

KARS - 90051_CORECR - Tasiast core credits

JB ok

TMLSA

3.9

Non-recurring tax schedule

Add: NCI Peak

2.1

30% of Capex Peak $7.1M

JB ok

KBM

0.1

Non-recurring tax schedule

Total

362.2

JB ok

CMGC

-0.1

Per FS

566.0

FS

JB ok

CGML

1.5

To match to total rounded number per non-recurring tax schedule

(203.8)

JB ok

5.4

Less: Rounding

203.8

JB ok

Remove tax provision

0.2

Non-recurring schedule

difference

- 0

JB ok

5.6

Lease liability payments - sustaining

15.3

above

JB ok

Q2 YTD UTP

25.4

Lease liability payments - non-sustaining

0.2

above

JB ok

Remove tax provision

-1.7

Add: Rounding

0.1

above

JB ok

23.7

Total

15.6

JB ok

Q3 QTD UTP

Per FS

24.1

FS

JB ok

TMLSA

difference

(8.5)

JB ok

KBM

Q4 QTD UTP

TMLSA

KBM

(B) Impact of COVID-19

Q1 QTD - non-sustaining

Kupol

4.6

Other op costs schedule

Dvoinoye

1

Other op costs schedule

Maricunga

0.2

Other op costs schedule

Udinsk

0.3

Other op costs schedule

Magadan

0.3

Other op costs schedule

6.4

Q1 QTD - sustaining

5.4

Non-recurring schedule (less-sustaining portion)

Q2 QTD - non-sustaining

Kupol

3

Other op costs schedule

Dvoinoye

0.5

Other op costs schedule

Maricunga

0.1

Other op costs schedule

Udinsk

0.3

Other op costs schedule

Magadan

0.3

Other op costs schedule

4.2

Q2 QTD - sustaining

3.2

Non-recurring schedule (less-sustaining portion)

7.4

Q3 QTD

0

Non-recurring schedule

Q4 QTD

0

Non-recurring schedule

19.2

(B) Adjusted out of AISC

(C) Accretion Expense adjusted for non-sustaining for closed or non-operating entities:

From KARS:

551105 - Accretion expense

Echo Bay Minerals Company (Kettle River-Buckhorn)

127,351

Compania Minera Mantos de Oro

1,139,282

Sunnyside Gold Corporation

1,229

Lassen Gold Mining, Inc. (Hayden Hill)

3,268

Compania Minera Maricunga

428,227

Peak Gold LLC (70%)

1,108

1,700,466

(C) - $1.7M Adjusted out of AISC to AIC

Note C - Other:

"Other" includes:

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

Jessica Budd: Jessica Budd: Missing here BB: updated

(Gain) loss on hedges

0.50

N/A - not within operating expenses

(Gain) loss on sale of assets

1.10

N/A - not within operating expenses

NCI - Chirano Impairment

0

N/A - not within operating expenses

1.60

Agreed to Note B

Note D - Tax impacts of Other

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

Beatrice Balaceanu: Beatrice Balaceanu: All updated as recast to exclude Russia and Chirano

Beatrice Balaceanu: Beatrice Balaceanu: Less Russia, nothing in Chirano

Jessica Budd: Jessica Budd: think you need a rounding here BB: updated

(Gain) loss on hedges

(0.10)

(Gain) loss on sale of assets

(0.40)

COVID-19

(3.30)

Round Mountain abnormal costs

(6.10)

Reclamation costs

(2.30)

Paracatu warehouse event

0.40

(11.80)

Agreed to Note B

(D) Reclamation costs

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

10

Non-recurring schedule

(E) Round Mountain abnormal costs

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

Beatrice Balaceanu: Beatrice Balaceanu: Less Russia, nothing in Chirano

26.6

Non-recurring schedule

(F) Tasiast mill fire

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

Beatrice Balaceanu: Beatrice Balaceanu: Nothing Russia or Chirano related

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

Jessica Budd: Jessica Budd: missing adding cell C21 into sum BB: updated

Other operating costs portion

5.1

Non-recurring schedule

Other income (expense) portion

7

Non-recurring schedule

12.1

Non-recurring schedule

(G) Paracatu warehouse event

Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related

Jessica Budd: Jessica Budd: think you need to add the business development into here for the MDA table no? or else we are not reconciling because you haven't carried it across in line 21 below BB: added in line below

-1.1

Non-recurring schedule

AISC & AIC Rec By-prod Q12021

AISC & AIC Reconciliation By-Product Basis
YEAR-TO-DATE
Q1 2021
KARS Beatrice Balaceanu: Beatrice Balaceanu: ALL FIGURES HERE RECAST WITHOUT RUSSIA and Chirano	Adjustments for Non Recurring Items - Note B	Q1 YTD	Q4 YTD	Q1 QTD
Per KARS on an Attributable Basis Note A	Taxes in respect of prior periods (A)	Impact of COVID-19 (B)	Accretion Expense of closed or development projects reclassified to NS (C)	Paracatu VAT Write Off (D)	Reclamation Costs (E)	Round Mountain Abnormal Costs (F)	Rounding	To be reported in the MD&A	To be reported in the MD&A PQ	To be reported in the MD&A RC
USD millions	USD millions	USD millions	USD millions	USD millions	USD millions	USD millions
Production cost of sales net of silver by-product revenue	285.9	0.1	286.0	286.0
Adjusting items on an attributable basis:
General and administrative	30.7	(0.1)	30.6	30.6
Other operating expense - sustaining	16.2	(8.5) Beatrice Balaceanu: Beatrice Balaceanu: ADJUSTED FOR RUSSIA, nothing in Chirano	(5.4)	- 0	2.3	2.3
Reclamation and remediation - sustaining	10.9	(0.9)	10.0	10.0
Exploration and business development - sustaining	7.5	7.5	7.5
Additions to property, plant and equipment - sustaining	46.4	46.4	46.4
Lease liability payments - sustaining	7.5	7.5	7.5
All-in Sustaining Cost on a by-product basis	405.1	(8.5)	(5.4)	(0.9)	- 0	- 0	- 0	- 0	390.3	390.3
Other operating expense - non-sustaining	23.4	(0.2) Beatrice Balaceanu: Beatrice Balaceanu: ADJUSTED FOR RUSSIA, nothing in Chirano	(10.0)	(3.5)	9.7	9.7
Reclamation and remediation - non sustaining	- 0	0.9	0.9	0.9
Exploration - non-sustaining	9.3	0.1	9.4	9.4
Additions to property, plant and equipment - non-sustaining	134.3	134.3	134.3
Lease liability payments - non-sustaining	0.1	0.1	0.1
Business Development non-sustaining	1.4	1.4
All-in Cost on a by-product basis - attributable	573.6	(8.5)	(5.6)	- 0	- 0	(10.0)	(3.5)	0.1	546.1	546.1
Gold ounces sold	422,220 Beatrice Balaceanu: Beatrice Balaceanu: UPDATED FOR RECAST Q1 21	(41,069.38)	Less: Chirano	381,151	381,151
All-in sustaining cost per ounce sold on a by-product basis	1,063	381,150.62	1,024	1,024
Attributable all-in cost per ounce sold on a by-product basis	1,505	1,433	1,433
Note A - Reconciliation to FS
G&A - sustaining	30.6	above	(A) Taxes in respect of prior periods
Per FS	30.6	FS	Q1 QTD UTP
difference	-0	TMLSA	8.4	Non-recurring tax schedule
KBM	- 0	Non-recurring tax schedule
Other operating expense - sustaining	16.2	above	CMGC	11.5 Beatrice Balaceanu: Beatrice Balaceanu: KUPOL - ADJUSTED
Other operating expense - non-sustaining	23.4	above	Rounding	0.1	To match to total rounded number per non-recurring tax schedule
Add: NCI Peak	0.0	KARS: Other op costs non-sus+sus at Chirano x 10%	20.0
Add: rounding	- 0	Paracatu write off	- 0	(D) Adjusted out of AISC
Total	39.6	Remove tax provision	ERROR:#REF!	Non-recurring schedule
Per FS	39.6	FS	ERROR:#REF!
difference	0.0
Q2 QTD UTP
Reclamation and remediation - sustaining	10.9	above (includes accretion expense and amortization of ARO assets)	TMLSA
Reclamation and remediation - non sustaining	- 0	above	KBM
Add: NCI Peak	0.0	KARS - 551105 Accretion expense
Total	10.9	Q3 QTD UTP
Per FS	2.7	FS Accretion on reclamation and remediation obligations	TMLSA
Per FS	8.2	KARS - 611060 depreciation ARO intangibles	KBM
Total	10.9
difference	0.0
Q4 QTD UTP
TMLSA
Exploration and business development - sustaining	7.5	above	KBM
Exploration - non-sustaining	9.3	above
Business Development non-sustaining	1.4	above	(B) Impact of COVID-19
Add: Rounding	0.1	above, m	Q1 QTD - non-sustaining
Kupol	4.6 Beatrice Balaceanu: Beatrice Balaceanu: ALL RUSSIAN IN RED ADJUSTED OUT	Other op costs schedule
NCI - Peak	0.0	FS - 30% of $0.1M for Peak	Dvoinoye	1	Other op costs schedule
Total	18.3	Maricunga	0.2	Other op costs schedule
Per FS	18.3	FS	Udinsk	0.3	Other op costs schedule
difference	0.0	Magadan	0.3	Other op costs schedule
6.4
Additions to property, plant and equipment - sustaining	46.4	above	Q1 QTD - sustaining	5.4	Non-recurring schedule (less-sustaining portion)
Additions to property, plant and equipment - non-sustaining	134.3	above	Q2 QTD	0	Non-recurring schedule
Add: Core Credits	0.0	KARS - 90051_CORECR - Tasiast core credits	Q3 QTD	0	Non-recurring schedule
Add: NCI Peak	0.8	30% of Capex Peak $2.7M	Q4 QTD	0	Non-recurring schedule
Total	181.5	11.8	(B) Adjusted out of AISC
Per FS	181.5	FS
0.0
Less: Rounding	(0.0)	(C) Accretion Expense adjusted for non-sustaining for closed or non-operating entities:
difference	- 0	From KARS:	551105 - Accretion expense
Echo Bay Minerals Company (Kettle River-Buckhorn)	63,676
Lease liability payments - sustaining	7.5	above	Compania Minera Mantos de Oro	569,641
Lease liability payments - non-sustaining	0.1	above	Sunnyside Gold Corporation	1,229
Total	7.6	Lassen Gold Mining, Inc. (Hayden Hill)	3,268
Per FS	7.6	FS	Compania Minera Maricunga	214,114
difference	-0	Peak Gold LLC (70%)	554
852,481	(C) - $0.9M Adjusted out of AISC to AIC
(D) Paracatu VAT write-off
N/A for Q1 2021.	- 0	(D) Adjusted out of AISC
Note C - Other:
"Other" includes:
(Gain) loss on hedges	1.50	N/A - not within operating expenses
(Gain) loss on sale of assets	0.20	N/A - not within operating expenses
Proceeds BI Insurance	- 0	N/A - not within operating expenses
NCI - Chirano Impairment	0	N/A - not within operating expenses
1.70	Agreed to Note B
Note D - Tax impacts of Other
Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related	Beatrice Balaceanu: Beatrice Balaceanu: DID NOT UPDATE ANYTHING HERE BELOW, JUST LEFT AS WAS IN Q1 21 TO PULL OUT RELEVANT RUSSIA & CHIRANO PIECES	Beatrice Balaceanu: Beatrice Balaceanu: ADJUSTED FOR RUSSIA, nothing in Chirano	Beatrice Balaceanu: Beatrice Balaceanu: ALL FIGURES HERE RECAST WITHOUT RUSSIA and Chirano	Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related	Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related	Beatrice Balaceanu: Beatrice Balaceanu: UPDATED FOR RECAST Q1 21	Beatrice Balaceanu: Beatrice Balaceanu: KUPOL - ADJUSTED	(Gain) loss on hedges	(0.40)
(Gain) loss on sale of assets	(0.10)
Proceeds BI Insurance	ERROR:#REF!
COVID-19	(1.70)
Round Mountain abnormal costs	(0.80)
Reclamation costs	(2.30)
ERROR:#REF!	Agreed to Note B
(F) Round Mountain abnormal costs	Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related	Beatrice Balaceanu: Beatrice Balaceanu: ADJUSTED FOR RUSSIA, nothing in Chirano	Beatrice Balaceanu: Beatrice Balaceanu: No adjustments needed, nothing russia or Chirano related	3.5	Non-recurring schedule

Non-recurring (after RIC) Q2

CONSOLIDATED STATEMENT OF OPERATIONS
NON - RECURRING ITEMS
Second Quarter - 2020
Before non-
Actual	(Gain) loss on Foreign exchange	(Gain) loss	Paracatu	UTPs	Chile weather event	COVID-19	Tasiast Tax	Paracatu	US CARES Act	Reversal of	(Gain) loss on	Investment	Paracatu	Severance	ARO	Proceeds	Reclamation	Impairment	Chirano	recurring
Earnings	Deferred taxes	Other	on hedges	Abnormal Costs	& Other Tax	related costs	Impact	VAT Write-Off	Tax Provision	impairment	sale of assets	impairment	Turbine Incident	& Reorganization	Adjustment	BI insurance	Costs	Reversal	Reclamation	charges
Q2	Q1
Revenue
Metal sales	$ 1,007.2	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ 1,007.2	Forex	(9.7)	Forex	2.30
Def Tax	27.60	Def Tax	26.30
Operating costs and expenses	Tax PY	9.10	Tax PY	(3.00)
Production cost of sales	$ (428.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (428.5)	COVID-19	28.70	COVID-19	0.80
Depreciation, depletion and amortization	$ (210.4)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (210.4)	Other	1.10	Other	(1.00)
Reversal of impairment charge	$ 48.3	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(48.3)	-0	-0	-0	-0	-0	-0	-0	-0	$ -0	Tax on Other	(1.20)	Tax on Other	(0.20)
Gross profit	$ 416.6	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(48.3)	-0	-0	-0	-0	-0	$ 368.3	US Cares	$ (5.0)	US Cares	(20.40)
Other operating costs	$ (52.9)	-0	-0	-0	-0	6.1	28.7	-0	4.5	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (13.6)	Tax impact of Covid	(4.0)	Tax impact of Covid	(0.10)
Exploration	$ (12.8)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (12.8)	Reversal if impairment charge	$ (48.3)	Reversal if impairment charge	0
Business development	$ (5.1)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (5.1)
General and administrative	$ (24.7)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (24.7)
Operating earnings	$ 321.1	-0	-0	-0	-0	6.1	-0	28.7	-0	4.5	-0	(48.3)	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ 312.1
Impairment of goodwill	$ -0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Reversal of impairment	$ -0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Impairment of property, plant and equipment	$ -0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Gain (loss) on sale of assets and investments	$ (0.7)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0.7	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Non - hedge derivative gains (losses)	$ (3.4)	-0	-0	3.4	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Miscellaneous	$ 3.5	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(3.0)	-0	-0	-0	$ 0.5
Working interest - Diavik	$ -0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Foreign exchange gain (loss)	$ 9.7	-0	(9.7)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Dividend income external	$ 0.1	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ 0.1
Other income (expense) - net	$ 9.2	-0	(9.7)	3.4	-0	-0	-0	-0	-0	-0	-0	-0	0.7	-0	-0	-0	-0	(3.0)	-0	-0	-0	$ 0.6
Equity in earnings (losses) of associate and joint venture	$ -0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ -0
Interest income	$ 1.0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ 1.0
Interest expense on long - term liabilities	$ (27.1)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (27.1)
Accretion	$ (5.7)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (5.7)
Finance Expense	$ (32.8)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	$ (32.8)
Total other items	$ (22.6)	-0	(9.7)	3.4	-0	-0	-0	-0	-0	-0	-0	-0	0.7	-0	-0	-0	-0	(3.0)	-0	-0	-0	$ (31.2)
Earnings (loss) before taxes	$ 298.5	-0	(9.7)	3.4	-0	6.1	-0	28.7	-0	4.5	-0	(48.3)	0.7	-0	-0	-0	-0	(3.0)	-0	-0	-0	$ 280.9
Provision for income and mining taxes	$ (102.5)	27.6	-0	(0.9)	-0	(4.0)	(1.5)	(5.0)	(0.3)	-0	-0	-0	$ (86.6)
Earnings (loss) after tax	$ 196.0	27.6	(9.7)	2.5	-0	6.1	-0	24.7	-0	3.0	(5.0)	(48.3)	0.4	-0	-0	-0	-0	(3.0)	-0	-0	-0	$ 194.3
Earnings from discontinued operations after tax	$ -0	- 0	- 0	- 0	$ -0
Net earnings (loss) for the period	$ 196.0	27.6	(9.7)	2.5	-0	6.1	-0	24.7	-0	3.0	(5.0)	(48.3)	0.4	-0	-0	-0	-0	(3.0)	-0	-0	-0	$ 194.3
Non - controlling interest	$ (0.3)	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	-0	-0	- 0	-0	- 0	-0	- 0	$ (0.3)
Dividends on convertible preferred shares	$ -0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	-0	-0	- 0	-0	- 0	-0	- 0	$ -0
Attributed to common shareholders	$ 195.7	$ 27.6	$ (9.7)	$ 2.5	$ -0	$ 6.1	$ -0	$ 24.7	$ -0	$ 3.0	$ (5.0)	$ (48.3)	$ 0.4	$ -0	$ -0	$ -0	$ -0	$ (3.0)	$ -0	$ -0	$ -0	$ 194.0
Basic Earnings (loss) per share
Net earnings per share from continuing operations	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ 0.0
Net earnings per share	$ 0.16	$ 0.02	$ (0.01)	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ 0.02	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ (0.04)	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ 0.15
CONSOLIDATED STATEMENT OF OPERATIONS
	NON - RECURRING ITEMS
Year to Date - 2020
Before non-
Actual	(Gain) loss on Foreign exchange	(Gain) loss	Paracatu	UTPs	Chile weather event	COVID-19	Tasiast Tax	Paracatu	US CARES Act	Reversal of	(Gain) loss on	Investment	Paracatu	Severance	ARO	Proceeds	Reclamation	Impairment	Chirano	recurring
Earnings	Deferred taxes	Other	on hedges	Abnormal Costs	& Other Tax	related costs	Impact	0	VAT Write-Off	Tax Provision	impairment	sale of assets	impairment	Turbine Incident	& Reorganization	Adjustment	BI insurance	Costs	Reversal	Reclamation	charges
Check
Revenue and other income
Metal sales	$ 1,887.0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ -0	$ 1,887.0	Forex	$ (7.4)	- 0
Def Tax	$ 53.9	- 0
Operating costs and expenses	Tax PY	$ 6.1	- 0
Production cost of sales	(849.8)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(849.8)	COVID-19	29.5	- 0
Depreciation, depletion and amortization	(403.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(403.5)	Other	0.10	(0.00)
Reversal of impairment charges	48.3	-0	-0	-0	-0	-0	-0	-0	-0	-0	(48.3)	-0	-0	-0	-0	-0	-0	-0	-0	-0	Tax on Other	(1.4)	- 0
Gross profit	682.0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(48.3)	-0	-0	-0	-0	-0	-0	-0	-0	-0	633.7	US Cares	$ (25.4)	- 0
Other operating costs	(74.8)	-0	-0	-0	-0	11.9	-0	29.5	-0	4.5	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(28.9)	Tax impact of Covid	(4.1)	- 0
Exploration	(22.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(22.5)	Reversal if impairment charge	$ (48.3)	- 0
Business development	(14.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(14.5)
General and administrative	(56.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(56.5)
Operating earnings	513.7	-0	-0	-0	-0	11.9	-0	29.5	-0	4.5	-0	(48.3)	-0	-0	-0	-0	-0	-0	-0	-0	-0	511.3
Impairment of goodwill	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Impairment of investments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Impairment of property, plant and equipment	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Gain (loss) on sale of assets and investments	0.4	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(0.4)	-0	-0	-0	-0	-0	-0	-0	-0	-0
Non - hedge derivative gains (losses)	(4.2)	-0	-0	4.2	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Miscellaneous	4.7	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(3.7)	-0	-0	-0	1.0
Working interest - Diavik	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Foreign exchange gain (loss)	7.4	-0	(7.4)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Dividend income external	0.3	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0.3
Other income (expense) - net	8.6	-0	(7.4)	4.2	-0	-0	-0	-0	-0	-0	-0	-0	(0.4)	-0	-0	-0	-0	(3.7)	-0	-0	-0	1.3
Equity in earnings (losses) of associate and joint venture	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Interest Income	3.0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	3.0
Interest expense on long - term liabilities	(47.0)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(47.0)
Accretion	(11.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(11.5)
Finance expense	(58.5)	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	(58.5)
Total other items	(46.9)	-0	(7.4)	4.2	-0	-0	-0	-0	-0	-0	-0	-0	(0.4)	-0	-0	-0	-0	(3.7)	-0	-0	-0	(54.2)
Earnings (loss) before taxes	466.8	- 0	(7.4)	4.2	- 0	11.9	- 0	29.5	- 0	4.5	- 0	(48.3)	(0.4)	-0	- 0	- 0	- 0	(3.7)	- 0	- 0	- 0	457.1
Provision for income and mining taxes	(147.5)	53.9	-0	(1.1)	-0	(8.8)	-0	(4.1)	-0	(1.5)	(25.4)	(0.5)	-0	-0	-0	0.2	-0	-0	-0	(134.8)
Earnings (loss) after tax	319.3	53.9	(7.4)	3.1	-0	3.1	-0	25.4	-0	3.0	(25.4)	(48.3)	(0.9)	-0	-0	-0	-0	(3.5)	-0	-0	-0	322.3
Earnings from discontinued operations after tax	- 0	- 0
Net earnings (loss) for the period	319.3	53.9	(7.4)	3.1	-0	3.1	-0	25.4	-0	3.0	(25.4)	(48.3)	(0.9)	-0	-0	-0	-0	(3.5)	-0	-0	-0	322.3
Non - controlling interest	(0.9)	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	-0	- 0	- 0	- 0	- 0	- 0	- 0	(0.9)
Dividends on convertible preferred shares	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	-0
Attributed to common shareholders	$ 318.4	$ 53.9	$ (7.4)	$ 3.1	$ -0	$ 3.1	$ -0	$ 25.4	$ -0	$ 3.0	$ (25.4)	$ (48.3)	$ (0.9)	$ -0	$ -0	$ -0	$ -0	$ (3.5)	$ -0	$ -0	$ -0	$ 321.4
Basic Earnings (loss) per share
Net earnings per share from continuing operations	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ 0.000
Net earnings per share	$ 0.25	$ 0.04	$ (0.01)	$ 0.00	$ - 0	$ - 0	$ 0.00	$ - 0	$ - 0	$ 0.02	$ - 0	$ - 0	$ - 0	$ 0.00	$ (0.02)	$ (0.04)	$ (0.00)	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ (0.00)	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0	$ 0.26
Impairment of investments
Impairment of property, plant and equipment
Gain on sale of assets
Non - hedge derivative gains (losses) realized/unrealized
Aurelian settlement
Miscellaneous
Working interest - Diavik
Interest income
Foreign exchange (loss) gain
Interest expense on long - term liabilities
Other expense (income) net
Provision for income and mining taxes
Equity losses (gains) in subsidiary companies
Non - controlling interest
Dividends on convertible preferred shares of sub co
Net earnings (loss) for the period
Earnings (loss) per share
Basic
Revenue and other income
Metal sales
Operating costs and expenses
Cost of sales
Accretion
Depreciation, depletion and amortization
Other operating costs
Exploration
Technical and environmental services
General and administrative
Operating earnings (loss)
Impairment of goodwill
Impairment of investments
Impairment of property, plant and equipment
Gain on sale of assets
Non - hedge derivative gains (losses) realized/unrealized
Miscellaneous
Working interest - Diavik
Interest income
Foreign exchange (loss) gain
Interest expense on long - term liabilities
Other expense (income) net
Provision for income and mining taxes
Equity losses (gains) in subsidiary companies
Non - controlling interest
Dividends on convertible preferred shares of sub co
Net earnings (loss) for the period
Earnings (loss) per share
Basic
Revenue and other income
Metal sales
Operating costs and expenses
Cost of sales
Accretion
Depreciation, depletion and amortization
Other operating costs
Exploration
Technical and environmental services
General and administrative
Operating earnings (loss)
Impairment of goodwill
Impairment of investments
Impairment of property, plant and equipment
Gain on sale of assets
Non - hedge derivative gains (losses) realized/unrealized
Miscellaneous
Working interest - Diavik
Interest income
Foreign exchange (loss) gain
Interest expense on long - term liabilities
Other expense (income) net
Provision for income and mining taxes
Equity losses (gains) in subsidiary companies
Non - controlling interest
Dividends on convertible preferred shares of sub co
Net earnings (loss) for the period
Earnings (loss) per share
Basic
- 0