6 S T A N D RE W G OL D F I E L D S L T D N ote s to U n a u di te d C on de n s e d I n t e r i m F in a n c ia l R e po r t E x p r e s s e d i n t h o u s a n d s o f C a n a d i a n d o l l a r s o r o t h e r w i s e i n d i c a t e d J u n e 3 0 2 0 1 3 S t A n dr e w G ol dfie l ds L td S A S o r th e C om pa n y a n d ope r a tin g a s S A S G ol dmi n e s is a c ompa n y e xis ti n g u n d e r th e l a w s of th e P r ov i n c e of O n ta r io C a n a da a n d is a C a n a d ia n b a s e d gol d min in g a n d e xpl o r a tion c o mpa n y w ith a n e xt e n s iv e l a n d pa c k a ge in th e T i mmi n s min in g d is tr ic t n o r th e a s te r n O n ta r i o C a n a da T h e C o mp a n y is o r ga n iz e d in t o o n e op e r a ti n g s e gm e n t a n d o pe r a t e s th e H ol t H ol l ow a y a n d th e H is l op m i n e s a n d is a dv a n c in g th e T a y l or P r oj e c t to w a r ds pr od u c tion T h e a ddr e s s of th e C ompa n y s r e gis te r e d of fic e is S u ite 1 5 0 0 2 0 A de l a id e S tr e e t E a s t T or on t o O n ta r i o C a n a da M 5 C 2 T 6 T h e c on d e n s e d in t e r im fin a n c ia l r e p or t of th e C om pa n y w a s a ppr ov e d b y th e B oa r d o f D i r e c t or s o n A u gu s t 1 3 2 0 1 3 1 S ignific a n t a c c o u n t ing p o l i c ies Ba si s o f p r e sen t a t io n T h e C ompa n y p r e pa r e s its fi n a n c ia l s ta te m e n ts u n de r th e p r i n c ipl e s of th e I n t e r n a ti on a l F in a n c ia l R e por tin g S ta n da r ds I F R S T h e a c c ompa n y i n g c o n de n s e d in t e r im f in a n c ia l r e p or t of th e C ompa n y h a s b e e n p r e pa r e d in a c c or da n c e w ith I n t e r n a tion a l A c c ou n tin g S ta n da r d 3 4 I A S 3 4 u s in g a c c ou n ti n g pol ic ie s c on s is te n t w ith I F R S a s a dopt e d b y th e I n t e r n a tio n a l A c c ou n tin g S ta n da r ds B oa r d I A S B T h e a c c om pa n y in g c on de n s e d in t e r im f in a n c ia l r e p or t h a s b e e n pr e pa r e d u n d e r th e h is to r i c a l c os t c on v e n tio n a s m od ifie d b y a v a il a b l e for s a l e fi n a n c ia l a s s e ts a n d fi n a n c ia l a s s e ts a n d l ia b il itie s in c l u di n g d e r iv a tiv e i n s tr u m e n ts w h ic h h a v e b e e n b r ou gh t t o a c c ou n t a t fa ir v a l u e th r ou gh th e s ta te me n t of op e r a tion s or th r ou gh oth e r c omp r e h e n s iv e in c om e l os s O C I u n de r s h a r e h o l de r s e q u ity T h e c on d e n s e d in te r im f in a n c ia l r e po r t s h o u l d b e r e a d in c on ju n c ti on w ith th e C om pa n y s 2 0 1 2 a n n u a l fin a n c ia l s ta te m e n ts C e r ta i n 2 0 1 2 figu r e s h a v e b e e n r e c l a s s ifie d to c on for m to th e fin a n c ia l s ta te m e n t pr e s e n ta tio n a dopte d i n 2 0 1 3 N ew st a nd a r d s a nd p r o n o u nc em en t s I F R S 9 F in a n c ia l I n s tr u me n ts is pa r t of th e I A S B s pr o je c t t o r e pl a c e I A S 3 9 F in a n c ia l I n s tr u m e n ts R e c ogn i tion a n d M e a s u r e m e n t T h e pr op os e d s ta n da r d a dd r e s s e s c l a s s ific a tion a n d me a s u r e m e n t of fin a n c ia l a s s e ts a n d r e pl a c e s th e mu l t i p l e c l a s s ific a tion a n d me a s u r e m e n t mod e l s in I A S 3 9 w i th a s in gl e mo d e l th a t h a s on l y tw o c l a s s ific a tion c a te go r ie s a mo r tiz e d c os t a n d fa ir v a l u e T h e c l a s s ific a tion a n d m e a s u r e m e n t of fi n a n c i a l l ia b il itie s a r e th e s a m e a s pe r I A S 3 9 b a r r i n g t w o a s p e c ts T h e e ff e c tiv e da te of th is n e w s ta n da r d is fo r a n n u a l pe r iods b e gi n n i n g o n o r a fte r J a n u a r y 1 2 0 1 5 T h e C ompa n y is c u r r e n tl y a s s e s s in g th e fi n a n c ia l impa c t of th is n e w s ta n da r d