E ndnote s 8 C 1 c a sh c o st s p er pound and A ll in s us t a i ni ng c o st s p er p ound ar e non G AAP f i n a nc i al pe r f or m an c e m ea s u r es C 1 ca sh c o st s p er pound is bas e d on co st of s a l es b ut ex c l u d es th e i m pac t of d ep r ec i at i o n and r o y al t i es and pr od uc t i on t a x es and i nc l ude s t r ea t m ent and r ef i n e m en t c har ge s A ll in s us t ai ni n g c o st s p er pound be gi ns wit h C 1 ca sh c o st s p er pound and add s f ur t h er c o st s wh ic h r ef l ec t th e addi t i ona l co st s of ope r a t i ng a m i n e p ri ma ri l y s us t a i ni ng c a pi t al ex p en d i t ur es ge ne r al a dm i ni s t r a t i v e c o st s a nd r oy al t i es and p r oduc t i on t a x es B a r r i ck b el i ev es t hat t he us e of C 1 ca sh co st s p er pou nd and al l in s u s t ai ni n g co s t s p er pound wi l l a s si st i n v es t or s a n a l ys t s and ot he r s t ak eh o l d er s in unde r s t and i ng th e co st s a sso ci a t e d wit h pr o duc i ng c oppe r unde r s t and i ng t he e c onom i c s of c op p er m i ni n g a sse ssi n g o ur ope r at i ng p er f or m an c e and al s o our a b i lit y t o ge ne r at e f r ee ca sh fl o w f r om c ur r en t o pe r at i ons and t o ge ne r at e f r ee ca s h fl o w on an o v er al l C o m pany ba s i s C 1 ca sh co st s p er pound and Al l in s u s t ai ni n g co st s p er po und ar e i nt e nde d to p r ov i de add i t i ona l i n f o r m at i on o nl y do not ha v e any s t a ndar di z e d m e ani ng unde r I F RS and m ay not be c om p ar a bl e t o s im il a r m eas u r es of pe r f or m an c e p r es en t ed by ot he r c om p a ni es T h es e m ea s u r es s hou l d n ot be c ons i de r e d in i s ol at i on or as a s ub s t i t ut e fo r m ea s ur es of pe r f o r m anc e pr e par e d in ac c or da nc e w i th IF R S F or f ur t he r de t ai l s on t h es e non G AAP m ea s ur es pl ea s e r ef er t o page s 92 93 of t he MD A ac c o m pany i ng B a rri c k s f i r st quar t e r 2020 f i n a nc i al s t a t e m e n t s f i l ed on SED AR at www s e dar c om and on ED G AR at ww w s ec gov 9 EBI T D A is a n on G AAP f i nan c i al m ea s u r e wh ic h ex c l u d es t he f ol l ow i ng f r om n et ea r ni n gs i n c om e t ax ex p en s e f i nan c e co s t s f i nan c e i nc om e a nd de pr e c i at i on M anage m e nt b el i ev es t h at E BI T D A is a v al uab l e i nd i c a t or of our a b i l it y t o ge ne r at e liq u id i t y by pr od uc i ng o p er at i ng ca sh fl o w t o f und wo r k in g c ap i t al n eed s se r v i ce de bt obl i ga t i ons an d f und c a pi t al e x pe ndi t ur e s M anage m e nt us es E BI T D A f or th i s pu r pos e A dj u s t ed E BI T D A re mo v e s t he ef f ec t of i m p ai r m en t c h ar g es ac qu i s i t i on d i s po s i t i on gai ns l os s e s f or e i gn c ur r en c y t r a n s l at i on ga i ns l o s s es ot h er ex p en s e adj us t m e nt s u nr ea l i z ed gai n s on n on he dge d er i v at i v e i ns t r um ent s and t he i m pac t of th e i n c om e t ax ex p en s e f i n anc e co st s f i nanc e i n c om e and de pr e c i at i on i n c ur r ed in o ur e qui t y m e t hod ac c oun t e d i n v es t m ent s We b el i ev e t h es e i t em s pr ov i de a g r ea t er l ev el of c ons i s t e nc y wit h th e ad j us t i ng i t em s i nc l ude d in our A d j us t ed N et E ar n i ngs r e c onc i l i at i on wi t h t he ex c ep t i o n t hat t h es e am ou n t s ar e a dj u s t ed t o r em o v e any i m pac t on f i na nc e co st s i n co m e i nc om e t ax ex p en s e and or d ep r ec i at i o n as t h ey do not af f ec t EBI T D A We b el i ev e t h is ad di t i ona l i nf o r m at i o n wi l l a s si st a n a l yst s i nv es t o r s a nd ot h er s t ak e hol de r s of B ar r i c k in b et t er unde r s t and i ng our a b i lit y t o ge ne r at e l i q u id i t y f r om o ur f ul l bus i ne s s i nc l udi ng e qui t y m e t hod i nv e s t m e nt s by ex c l u di n g t h es e am o u nt s f r om t he c al c ul a t i on as t h ey ar e n ot i ndi c at i v e of th e pe r f or m anc e of our co r e m in in g b us i n es s and n ot n e ce ssa r i l y r ef l ec t i v e of t he unde r l y i ng ope r at i ng r es ul t s f or t he per i o d s p r es en t ed E BI T D A and adj us t e d EBI T D A ar e i nt e nde d t o pr o v i de add i t i ona l i nf o r m at i on o nl y and do not hav e any s t a ndar di z e d m e ani ng unde r I F RS a nd m ay n ot be c om p ar a bl e t o s im il a r m ea s u r es of p er f or m a nc e p r es en t ed by ot he r c om p a ni es T h ey s houl d no t be c on s i d er ed in is o la t io n or as a s ubs t i t u t e f or m ea s ur es of pe r f or m an c e pr e par e d in ac c or da nc e wit h I FR S F or f ur t h er d et ai l s on t h es e non G AAP m ea s ur es pl e as e r ef er to pa g es 93 95 of t he MD A ac c om pany i ng B a r r i ck s f i r st quar t e r 2020 f i nanc i al s t a t e m e n t s f ile d on SED AR at www s e dar c om and on ED G AR at www s ec gov 10 T h es e am o unt s ar e p r es en t ed on t he s am e bas i s as o ur gui d anc e and i nc l ude ou r 60 s har e of P ue bl o V ie jo 80 s h ar e of L oul o G oun k ot o 89 7 s har e of T o ngon 45 s h ar e of K ib a l i 40 s har e of Mo ri l a and 60 s h ar e of S o ut h A rt u ro 36 9 of S out h A rt u ro f r om J ul y 1 2 019 on w ar ds as a r es ul t of it s c on t r i b ut i on t o N e v ada G ol d M i n es ou r 84 s h ar e of T a nz ani a s t ar t i n g J anua r y 1 202 0 t he dat e t he G o T s 16 f r ee c a rri e d i nt er es t wa s m ade e f f e c t i v e 63 9 s har e f r om J an uar y 1 2019 t o S ep t em b er 30 2019 no t w i t h s t a ndi ng th e c om pl et i on of t he A c a ci a t r ans ac t i on on S ep t em b er 17 2 019 we c o n s ol i da t ed our i n t er es t in Ac a c i a a nd r ec o r d ed a n on c ont r ol l i ng i n t er es t of 36 1 in t he i n c om e s t at e m e nt f or t he en t i r et y of t he t hi r d qu a r t er of 20 19 as a m a t t er of c onv e ni e nc e and 100 s ha r e f r om O c t obe r 1 2 019 t o D ec e m b er 31 2 019 and ou r 50 s h ar e of Z al di v ar a nd J abal Sa y i d S t a r t i n g J ul y 1 2019 it al s o i nc l ude s our 61 5 s har e of N e v ada G ol d M i n es 11 O n J u ly 1 20 19 B a rri c k s G o ld s t r ik e and N ew m o nt s Ca r li n we r e c ont r i but e d t o N e v ada G ol d M i n e s and ar e now r ef er r ed to as Ca r li n As a r es u l t th e am o un t s p r es en t ed r ep r es en t G ol ds t r i k e on a 100 bas i s i nc l udi ng o ur 60 s har e of S out h A r t ur o up unt i l J une 30 2019 and t he c o m b i ned r es u l t s of C a r lin and G ol ds t r i k e i nc l udi ng N G M s 60 s har e of S out h A r t ur o on a 61 5 bas i s t h er ea f t er 12 O n J ul y 1 2019 C o r t ez wa s c ont r i but e d t o N e v ada G ol d M i n es a j oi nt v e nt ur e wi t h Ne w m o n t As a r es u l t t he am ount s p r es en t ed ar e on an 100 bas i s up unt i l J une 30 2019 and on a 61 5 bas i s t h er ea f t er 13 A m ount s p r es en t ed e x c l ude c api t al i z e d i n t er es t 14 B a r ri c k ow ne d 75 of T ur quo i s e R i dg e t hr ough t he en d of t he s e c ond quar t e r of 2 019 wi t h o ur jo in t v en t ur e par t ne r N ew m o nt ow n i ng t he r e m ai ni n g 25 T ur q u oi s e R i dg e wa s pr o po r t i o n at el y c ons ol i da t e d on t he bas i s t hat t he j oi nt v en t ur e par t ne r s t h at h av e jo in t c o nt r ol hav e r i g ht s t o t he a sse t s and obl i ga t i ons f or t he li a b il i t i e s r e l at i ng t o th e ar r ange m e nt Th e f i gu r es p r es en t ed in t hi s t ab l e ar e bas e d on ou r 75 i nt er es t in T ur q u oi s e R i dge u nt i l J une 30 2 019 O n J ul y 1 2019 B a r r i ck s 75 i nt er es t in T ur quo i s e R i dge and N ew m o nt s T w i n C r eek s and 25 i nt er es t in T ur qu oi s e R i dge w er e c o nt r i b ut ed t o N e v ada G ol d M i n es S t ar t i n g Ju l y 1 2019 th e r es u l t s r ep r es en t our 61 5 s har e of T ur quoi s e R i dge and T wi n C r eek s now r ef er r ed t o as T ur quoi s e R i dge