3 WWWNEW G O L D C O M TSXNGD NY SE Am er ic an NG D OPERAT ING AND F I NANCIAL HIGHLIGHT S OPE RAT ING HIGHLIGHT S Three m onths end ed M a rc h 31 202 0 201 9 OPERAT IN G IN FORM AT ION Gold e q u i v a le nt eq o unc es 3 Produc e d 1 103 43 5 123 26 4 Sold 1 103 93 6 134 69 9 Gold o unc es Produc e d 1 667 90 793 98 Sold 1 687 73 893 12 Copper m illi ons o f po unds Produc e d 1 185 195 Sold 1 177 202 Rev enue 1 Gold ou n ce 143 1 127 8 Copper p ou nd 236 256 Av erage r eal iz ed pric e 1 2 Gold ou n ce 145 8 130 1 Copper p ou nd 256 279 Operati ng ex pe ns es per g o l d e q o u n c e s o ld o unc e 3 864 645 Deprec iat i o n a nd dep leti on per go ld eq ounc e s o ld ounce 3 507 457 To ta l ca sh co sts pe r g o l d e q o u n c e so l d o un ce 2 3 916 697 Allin s u s t ain i ng c o s t s per g o ld eq o unc e s o l d o u n c e 2 3 144 6 108 3 1 Product i on is shown on a t o t a l cont ained basis while sales are shown on a net payable basis including f i nal produ ct invent ory and s m elt e r payable adjust m ent s where applicab le 2 T he Company uses cert ain nonG AAP f i nancial perf o rmance measures t h roughout t h is MDA Average realized price t o t a l cash cost s and allin sust aining cost s per gold eq ounce sold are non GAAP financial performanc e measures with no standard meaning u n d e r IFRS For fur t her information and a d et ai led reconciliat i on pl ease r e f e r t o t he NonG AAP F i nancial Perf ormance Measures sect ion of t h is MD A 3 G o ld eq ounces include silver ounces and copper ounces produced or sold convert ed t o a gol d eq based on a rat i o o f 1 500 per gold ounce 17 75 per silver ounce and 2 85 per copper pound T h roughout t he year t h e company will report gold equival ent ounces using a const ant rat i o of those pric es All copper is produced by t he New Af t on Mine