200 400 600 800 1 00 0 1 20 0 1 40 0 1 60 0 1 80 0 2 00 0 0 20 0 00 40 0 00 60 0 00 80 0 00 10 0 00 0 12 0 00 0 14 0 00 0 16 0 00 0 18 0 00 0 2012 2013 2014 2015 2016 2017 Pr o d u c t ion Fo re c ast Ran ge Cas h Op era t in g Cost s All I n Su st ain in g Cost s 7 Pr od uct ion to reac h 14 0000 oz by 2014 Strong Near T er m Prod ucti on Growth 1 Pr o d u cti o n oz C o sts U S oz 1 E x am pl es of F orw ard Lo ok i ng S tat em en ts A t least 60 grow th 2012 to 2014 P r oductio n A ct ual