TS X A GI N YS E A GI 13 47 33 44 35 54 17 60 64 71 42 29 27 20 36 12 2 0 1 5 A 2 0 1 6 A 2 0 1 7 A 2 0 1 8 A 2 0 1 9 A T o t a l c a pit a l U S m O pe ra t i ng c a sh f l o w U S m M i ne si t e fre e c a sh fl o w U S m Mula t os Dis tri ct s t abl e pr odu ction declin in g c os t pr ofile 1 I n c l u d es c ap i t al i z ed ex p l o r at i o n 2 Pl ea s e r efer t o C au t i o n ar y N o t es o n n o n G AAP M ea s u r es an d Ad d i t i o n al G AAP M ea s u r es Achie v ed 2 m o z of g old p r od uc t ion in Mar ch 2 0 1 9 no t hir d part y r o y al t y In itia l pr od uc t ion f r om Cer r o P elon achie v ed ahea d of schedule in Q4 2 0 1 9 R educing dies el c on sumption c on nect ing t o low er c os t gr id po w er in 2 0 2 0 2 2 1 Cer r o P elo n o p enin g Janu ar y 2 0 2 0