E ndnot es 1 Ca s h Co s t s per G ol d O unc e an d A ll In S us t ai ni ng Co s t s A I S C P er G ol d O u nc e a re N on G AAP m eas ur es t hat do n ot h a v e an y s t and ar di z ed m eani ng pr es c r i bed by I nt er nat i on al F i nanc i al R epor t i ng S t a nd ar ds I F R S or G A A P and t hat s houl d not be c o ns i der ed in i s ol at i on f ro m or as a s ubs t i t ut e f or per f or m anc e m eas ur es pr epar e d in ac c or da nc e wi t h G AAP S ee th e No n G AAP M e as ur es s ec t i on on pa ge 23 of t he M an a gem ent s D i s c u ss i o n and A n a ly s is f or t he y e a r en de d D ec em ber 31 20 13 a v ai l abl e on t he C om p any w ebs i t e at www aur i c ogol d c om 2 Ca s h c o s t s f or t he Y ou ng D av i ds o n a nd El C ha nat e m i nes a re c al c u l at ed on a p er g ol d o unc e bas i s net of by pr o duc t r ev en ues a nd net r eal i z abl e v al ue adj us t m ent s P r i or to 20 14 gol d ounc es i nc l ude ou nc es s ol d at t he El C hanat e m i ne and o unc es pr oduc e d at t he Y ou ng D av i ds o n m in e C om m enc i ng in 201 4 c a s h c o s t s f or bot h t he Y ou ng D a v i ds on and El C ha nat e m i nes wi l l be c al c ul at ed bas e d on ounc es s ol d P ri o r to c o m m i s s i oni ng t he u nd er gr ou nd m i ne at Y oung D av i ds o n c a s h c o s t s a re c al c ul at ed on ou nc es pr od uc ed f ro m t he op en pi t onl y A ll under gr ou nd c o s t s we r e c api t al i z ed a nd a ny r ev e nu e r el at ed to u nd er gr o un d ou nc es s ol d wa s c r edi t ed a gai ns t c api t al e x p en di t ur es S ubs equ ent t o th e d ec l ar at i on of c om m er c i al pr od uc t i on in t he und er gr o un d m i ne c a s h c o s t s a re c al c ul at ed on ounc es pr od uc ed f ro m bot h t he o pen pi t an d un der gr ou nd m i nes and r ev en ue r el at ed to t he s al e of under gr ou n d ounc es is r ec ogni z ed in t he C om pany s S t at em ent of O per at i ons as r ev enue 2013 c a s h c o s t s a re pr i or to i nv ent or y net r eal i z abl e v al ue adj us t m ent s r ev er s al s 3 F or m o re i nf or m at i on r egar di n g A u Ri c o G ol d s 2014 o per at i o nal es t i m at es i n c l udi ng pr o duc t i on c o s t s and c api t al i nv es t m ent s pl eas e r ef er to t he pr es s r el eas es dat ed F ebr uar y 6 201 4 t it le d A u Ri c o G ol d A n no unc es 201 4 O p er at i o nal O ut l ook a nd A ugus t 7 20 14 t it le d A u Ri c o G ol d R ep or t s S ec ond Q uar t er F i na nc i al R es ul t s and E i ght h C ons ec ut i v e Q u ar t er of R ec or d G ol d P r oduc t i on as Y oung D av i ds on Ra m p Up E x c eeds E x pec t at i ons wh i c h a re av ai l abl e on t he C om pany w ebs i t e at www aur i c ogol d c om 4 R es er v es an d r es o ur c es f or Y oun g D av i ds o n a nd El C h an at e m i nes and O ri o n r epr es ent g ol d gr ad e as per t ec h ni c al r epor t s an d C o m pany di s c l os ur e F or m o re i nf or m a t i on r eg ar di ng A u Ri c o G ol d s M i ner al R es er v es and R es o ur c es as at D ec e m ber 31 20 13 pl eas e r ef er to t he p re s s r el eas e dat ed Ma r c h 3 201 4 t it le d A u R ic o R epor t s 2013 R e s e r v e R es our c e U pdat e av ai l abl e on th e C om pany w ebs i t e at www a ur i c ogol d c om M eas ur e d an d i ndi c at ed r es o ur c es ex c l udes i nf er r ed r es o ur c es C or e l engt hs in El C hanat e d r illin g hi ghl i ght s a re no t nec es s ar i l y tr u e w i dt hs F or m o re i nf or m at i on on t he K em es s F eas i bi l i t y S t udy pl eas e r ef er to t he pr es s r el eas e dat e d Ma r c h 25 201 3 t it le d A u Ri c o R epor t s 2012 R es er v e R es our c e U pdat e and K em es s F e a s ib ilit y S t udy R es ul t s 5 P r oduc t i on f i gur es i nc l ude gol d o unc es onl y 201 3 pr o duc t i on at th e Y oun g D av i ds on m i ne i nc l udes p re pr od uc t i on ounc es wh i c h i nc l ude ou nc es pr oduc ed pr i or to t he dec l ar at i on of c om m er c i al pr oduc t i on on S ept em ber 1 2012 and t he dec l ar at i on of c om m er c i al pr oduc t i on in t he under gr ound m i ne on O c t ober 31 2013 6 T he illu s t r a t iv e y ie ld as s u m es t he s har e p ri c e as of Ma y 12 2014 F i gur es f or oper at i ng c a s h f l ow app l y gui danc e f or 201 4 an d 20 15 t hr oug h 20 17 a ppl y c ons ens us dat a f or c a s h c o s t s pr od uc t i on es t i m at es and c a pex f i gur es an d a 1 3 00 oz g ol d p ri c e as s u m pt i on C ons ens us dat a is as of Ma y 12 20 14 20 14 to 2 017 p er s har e n um ber s a re bas e d on t he n um ber of s har es out s t an di ng as of M ay 20 14 F or m o re i nf or m at i on r egar di ng A u Ri c o G ol d s di v i den d pol i c y pl eas e r ef er to t he pr es s r el eas e dat e d Ma y 8 201 4 av ai l abl e on t he C o m pan y w ebs i t e at www aur i c ogol d c om 7 F i gur es f or 2012 i nc l ude c ont i n ui n g op er at i ons onl y F i gur es f or 201 3 a re b as ed on 20 13 ac t ual r es ul t s and c ons ens us dat a T he c al c ul at i on of 20 14 a nd 20 15 o per at i ng c a s h fl o w an d f re e c a s h fl o w ap pl y c ons ens us dat a f or c a s h c o s t s pr oduc t i on es t i m a t es and c ape x f i gur es and a re bas ed on a 1 3 00 oz gol d p ri c e as s u m pt i on unl es s not ed ot h er w i s e O per at i n g c a s h f l ow and f re e c a s h f l ow a re bef or e c hanges in w or k i ng c api t al C ons ens us dat a is as of J anuar y 13 2014 18