16 WWWNEW G O L D C O M TSXNGD NY SE Am er ic an NG D Opera t ing re sults Produ ction The mine p r o duced 523 2 9 gold eq ou n c e s for the qu arter 164 09 oun ce s of gol d and 185 m illion pou nd s of copp er Duri ng the qu arter total d e v elo p ment to wards th e B3 and Czon e a d va nced b y a ppro x im ately 1231 met r e s inline with plan B3 an d Czo ne de velo pment m a y b e re du ced in the co ming wee k s due to the implementation of COVID19 protocol s whi c h w ill temporaril y impact productivi ty level s The und ergro und mine a v e r age d 1672 7 tonnes p e r d a y for the q u a r ter inlin e wi th plan The mill averaged 153 77 tonne s per d a y for the qu arte r at an average gol d and cop per g r ade of 045 gt gold an d 073 copp er re spe c tively wi th copp er g r a de lower tha n plan at gold and copp er reco ve rie s of 81 and 82 re sp ecti ve ly Du ring the quarte r lo wer than pla nne d cop per grad es we re min e d in a p o rtio n of the Lift 1 east cave primaril y due t o highe r than expe cted dil u tion rate s th at were en co untere d The Comp an y will continu e to revie w the cau s e s of the lower grade a nd potential imp a ct Re ven u e For the three months en de d March 31 2020 revenu e dec rea s e d co mpared to the prioryea r period du e to lowe r co ppe r prices a nd lo wer pl ann ed sale s volume Re ven ue le ss cost of goo d s sol d For the thre e month s en d ed Ma rch 3 1 2020 the i n cr ea se i n reve nue l e ss co st of go od s sold whe n comp ared to the prio rye ar perio d wa s p r imaril y dri v en by lower de p r eci a tion an d depletio n as a re sult of a highe r depleti on base due to the addition of Czon e ou nc e s to New Aftons deplet ion base part i ally offset by lo wer re ve nue Operating e x pen se s depreciatio n and depletio n total ca sh cost s allin su staining co sts and ca pital exp enditu re s Operating expen se s and total cash cost s for the quarter were 655 per gold eq oun ce and 762 per gol d eq oun ce re spe c tively which i s an in crea se fro m the prio ryea r quarte r p r ima r ily d ue to hi gher to nne s mined a s well as lower gol d eq oun ce s as a re sult of lowe r gold a n d cop per p r o ductio n in the quarte r Dep r e c iation and de pletion wa s 33 4 pe r gold eq oun ce for th e qu a r ter which is a de cre a se from the pri o r yea r qua rter as a re sult of the inclu s io n of Czone re serves in its d epletion b a se and a long er mine life Sustainin g ca pital and sust aining lea s e paym ents for the quarter were 133 mill ion primaril y related to B3 mine de velo p m ent and ad vancement of the plan ned ta ilings d a m rai s e AISC were 1 033 pe r gol d eq oun ce for the qua rter wh ich i s an i n crea se from the prio ryea r quarte r du e to higher total cash co st s higher sustai ni ng capital expenditu re s as well as an lowe r gold eq ounce s as a result of lowe r gold an d co pper p r o d u c tion in the qua rter Gro w th ca pita l was 1 08 million for the quarte r prima r ily relate d to Czon e de vel opment an d the Thicke ned and Amen de d Tailing s T A T proje c t