V elad er o A r g ent i na Production 6 higher than prior quarter as a result of hi gher r ec ov er i es Partially offset by a decrease in head grade and f r es h or e s t ac k ed on t he heap l eac h pad due t o C ov i d 19 r es t r i c t i ons Operations ramped up after mining declared es s ent i al i ndus t r y l ow er pr oduc t i on ex pec t ed i n Q 2 2020 Reduced export duties to 8 implemented for all dor e s hi pm ent s s t ar t i ng i n A pr i l 2020 Commissioning of the power line project delayed to y ear end V el ad er o 18 50 Q 1 2020 Q 4 2019 Q 1 2019 A v er age gr ade pr oc es s ed g t 0 80 0 88 0 75 O r e t onnes pr oc es s ed 000 3 243 3 880 3 416 G ol d pr oduc ed oz 000 75 71 70 G ol d s ol d oz 000 57 70 68 I nc om e m i l l i ons 24 21 10 E B I T DA m illio n s 9 46 50 40 C api t al ex pendi t ur es m i l l i ons 40 28 40 M i nes i t e s us t ai ni ng 25 28 25 P r oj ec t 15 0 15 C os t of s al es oz 1 182 1 138 1 195 T ot al c as h c os t s oz 7 788 710 713 A ll i n s us t ai ni ng c os t s oz 7 1 266 1 142 1 100 S e e t he T e c hni c a l R e po r t o n t he V e l a d er o M i ne S a n J ua n P r o v i nc e A r ge nt i n a da t e d M a r c h 19 2018 a nd f i l e d o n S E D A R a t w w w s ed a r c om a nd E D G A R a t w w w s e c g o v o n M a r c h 23 2018