KEY POINTS

- Casposo gold production of 20,701 ounces ("oz"), an increase of 87% compared to the September quarter with unit cash costs net of silver credits falling 66% to US$213 per ounce ("/oz").

- Andorinhas produced 12,625 oz of gold at a cash cost of US$542/oz.

- Group gold production 39% higher at 33,329 oz and cash cost 40% lower than the September quarter at US$338/oz net of silver credits.

OPERATIONS

Argentina, Casposo
- Record production of gold and silver.
- Record mined production.
- Connection to the State Power Grid.
- Successful trial of a flocculent in the processing circuit which will reduce overall chemicals consumption.

Brazil, Andorinhas
- The operation has achieved 799 days without a lost time injury.
- Gold production 12,625 oz and unit cash costs to US$542/oz.
- Gold production for the rolling twelve months 51,648 oz.