8 WWWNEW G O L D C O M TSXNGD NY SE Am er ic an NG D F I NANCIAL RESULT S Summary of Financial Results Three m onths end ed M a rc h 3 1 in millions of U S dolla rs except where not ed 202 0 201 9 FINAN CIAL RE SULT S Rev enue 142 3 167 9 Operati ng ex pe ns es 897 869 Deprec iat i o n a nd dep leti on 520 612 Rev enue les s c o s t of g o o d s s o ld 06 198 Corporat e a d m i nis t ratio n 45 53 Share bas ed pay m ent ex pe ns es 02 03 Ex plorat ion an d b u s i nes s dev el opm ent 18 04 Los s from oper ati o ns 59 138 Fina nc e i n c o m e 02 05 Fina nc e c o s t s 135 153 Other g a ins and lo s s e s Rainy Riv e r u nder grou nd proj ec t c o s t s 17 Gain l os s on f o re ign ex c hang e 108 19 Los s on d i s pos al o f oth e r as s e ts 08 01 Gain o n rev a lua t io n of inv e s t m ents 05 Settl em ent and los s on rev a l uat ion of c opper pric e opt io n c ontrac t s an d c o p per f o rward c o ntra c t s 31 Unreal iz ed l o s s on rev a lu ati on of g o l d s t ream o b li gat io n 92 47 Settl em ent and lo s s gain o n rev a lu atio n o f g o ld pric e opti on c ontrac t s 12 11 Rev a luat io n of CSPs rec l am atio n a n d c l os ure c o s t obl i gati o n 04 10 Fi n a n c i a l i n stru men t tran sa cti o n co sts 34 Gain o n rec e iv abl e as s o c i ate d wit h M e s quite s a le 21 Other 05 01 Los s befor e t a x e s 231 97 Inc o m e tax rec o v e ry ex pens e 52 37 Ne t i n co me l o ss 283 134 Ad j u sted ne t lo ss 1 178 18 1 The Company uses certain nonGAAP financial performance measures throughout this MDA For a detailed description of each of th e nonG A AP measures used in t h is MDA and a det ailed reconciliat i on please ref e r t o t he NonG A A P F i nancial Perf ormance Measures sect ion of t h is MDA