T S X RM X O T CQ X RBY CF 12 Can ad ian Sin g le A s s et U G Pr o jec t s Ru bic o n ben efit s fr o m h ig h I RR lo w I n it ia l C a pex a n d t a x lo s s po o ls 1 R e fe r t o e nd no t e 1 fo r fur t he r d e t a ils 1 6 R e fe r t o e nd no t e 1 6 fo r fur t he r d e t a ils O si s k o M ining 1 6 BGM OR 1 6 Pure Gold 1 6 M onarc h Gold 1 6 A s c o t 1 6 Harte Gold 1 6 A v era ge Rubicon P r oj ec t W i n d f al l C a r i bo o M ad s e n W a s am ac Premier S ug a r P ho e ni x S t age 2 01 8 P E A 2 01 9 P E A 2 01 9 F S 2 01 8 F S 2 02 0 F S 2 01 9 F S 2 01 9 P E A 1 P r oc es s i ng f ac i l i t i es i n pl ac e No No Ye s Ye s Ye s Ye s Ye s G ol d pr i c e U S oz 1 3 00 13 2 5 1 2 75 1 3 00 1 4 00 1 3 00 1 3 17 1 3 25 US D CA D 0 7 8 0 7 7 0 7 5 0 7 6 0 7 6 0 7 7 0 7 7 0 7 5 A f te r ta x P r o j e c t IR R 3 2 7 2 8 1 3 5 9 1 8 5 5 1 0 NA 3 3 2 4 0 2 P r e t ax P r oj ec t N P V 5 C M C 62 5 C 63 3 C 35 3 C 52 2 C 51 6 C 31 4 C 49 4 C 13 5 A f te r t ax P r oj ec t N P V 5 C M C 41 3 C 40 3 C 24 7 C 31 1 C 34 1 C 26 7 C 33 0 C 13 5 P r e A f te r ta x N P V 5 di f f er enc e C M or t he net i m pac t of pay abl e t ax es on t he P r oj ec t C 21 2 C 23 1 C 10 6 C 21 1 C 17 5 C 47 C 16 4 P r e pr oduc t i on C A P E X C M C 39 7 C 30 6 C 95 C 46 4 C 14 7 C 24 4 C 10 1 A I S C U S o z U S 70 4 U S 79 6 U S 78 7 U S 63 0 U S 64 2 U S 84 5 U S 73 4 U S 88 2 P r e C ons t r uc t i on T ax Los s P ool s C M N A N A N A N A NA NA C 69 0 LO M T ax es P ay abl e C M C 34 1 C 36 3 C 15 3 C 32 7 C 23 8 C 76 C 25 0 T ax es P ay abl e P ay abl e oz U S U S 15 0 U S 14 2 U S 1 18 U S 16 0 U S 22 5 U S 68 U S 14 4 Man age ab l e i n i ti al c ap e x s u b s t a n t ia l in fr a s t r u c t u r e m in im iz e r is k o f c a p ex in fla t io n R MX tax l o s s p o o l s p r o vi de di r e c t fr ee c a s h flo w b en efit t o s h a r eh o ld er s