REUTERS/Beawiharta Beawiharta

THOMSON REUTERS GFMS GOLD MINE ECONOMICSPRODUCTION COSTS & CASH FLOWS TO 2030

Know the fundamentals. Model different scenarios. Compare opportunities. Look deep into the drivers of gold mine economics – and make informed, profitable decisions.

GFMS

1004648_V2.indd 1 07/10/2013 17:17

Thomson Reuters GFMS Gold Mine Economics provides gold miners, financial institutions, governments and other industry stakeholders with detailed forward-looking insight into the underlying drivers of gold-mine economics.

EVALUATE POSSIBILITIES AND DISCOVER OPPORTUNITIESUse clear evaluation tools to evaluate possibilities and reveal the most promising operations:

• Which mines are profitable under different market outcomes

• The impact of different price outcomes and input cost scenarios on the future production profile

• Which mines and projects present the best growth and profit opportunities

Analysis is based on highly detailed, rigorous mine-by-mine analysis of production costs, broken down to $/tonne mining, ore processing and on-site administration costs, plus benchmarking of fuel, power, labour productivity and other key inputs.

The information includes forecasts of gold mine production, operating costs and cash flows to 2030.

Gold Mine Economics includes company and country-level analysis tools. You can create your own portfolio-style reports that aggregate data for a selected set of companies or mines.

BENCHMARK MINING ASSETSBased on a stringent methodology, Thomson Reuters GFMS generates “bottom-up” analysis of mine productivity, energy use, mining and processing costs, making it ideal for benchmarking assets.

The service provides in-depth production and production-cost breakdown, revenues and margins for each operation, plus cash-flow projections to 2030.

Accessed via an intuitive online database, GFMS Mine Economics enables you to query a broad range of operating metrics across the full range of mining assets or any selected subset. Selection is by simple filters.

KEY FEATURES• Global coverage. Analysis of over 350 mines and

projects; over 250 operating gold mines, each with annual gold production greater than 50koz, plus around 100 projects

• Mine-by-mine analysis to 2030. Detailed reserves/resources, production, operating cost, capital cost and cash flow analysis

• Granular Data. Distilling the mine-by-mine data into analysis of global trends; production and industry cost structure, cost and margin curves, plus competitive analysis.

2 GFMS GOLD MINE ECONOMICS – PRODUCTION COSTS & CASH FLOWS TO 2030

• Mine-by-Mine Profiles• Highly detailed analysis• Forecasts to 2030• All analysis delivered via website

• Interactive web-based analytical and reporting functionality

• Cost curves and cost leagues• Benchmarking analysis• Flexing models• Global trend analysis and commentary• Analysis updated quarterly, or when significant events occur

MINES & PROjECTS INCLUDED

NORTH AMERICABald MountainBingham CanyonBlack FoxBrucejackCanadian MalarticCasa BerardiCortezCourageous LakeCripple Creek & VictorDetour LakeDonlin CreekDoyonEleonoreEskay CreekFort KnoxGolden SunlightGoldexGoldstrikeHaileHammond ReefHemlo (Williams & David Bell)HollisterHope BayHycroftJerritt CanyonJoannaKemess SouthKensingtonKettle RiverKirkland LakeLapaLaRondeLivengoodMarigoldMeadowbankMeliadineMesquiteMusselwhiteNewmont NevadaPhoenix Gold ProjectPogoPorcupineRed LakeRochesterRock Creek (Alaska)Round MountainRuby HillSeabeeSigma-LamaqueSleeping GiantSoledad MountainTimmins WestTouquoyTroilusTurquoise RidgeWestwoodWharfYoung-DavidsonLATIN AMERICAAgua RicaAlumbreraAngloGold MineracaoAngosturaAntapiteAurizonaAuroraCaeteCalcatreuCamp CaimanCasposoCerro BayoCerro CoronaCerro NegroCerro San PedroCerro VanguardiaChapadaChoco 10ConcordiaCrixas (Serra Grande)

1004648_V2.indd 2 07/10/2013 17:18

GFMS GOLD MINE ECONOMICS – PRODUCTION COSTS & CASH FLOWS TO 2030 3

MINES & PROjECTS INCLUDED

NORTH AMERICABald MountainBingham CanyonBlack FoxBrucejackCanadian MalarticCasa BerardiCortezCourageous LakeCripple Creek & VictorDetour LakeDonlin CreekDoyonEleonoreEskay CreekFort KnoxGolden SunlightGoldexGoldstrikeHaileHammond ReefHemlo (Williams & David Bell)HollisterHope BayHycroftJerritt CanyonJoannaKemess SouthKensingtonKettle RiverKirkland LakeLapaLaRondeLivengoodMarigoldMeadowbankMeliadineMesquiteMusselwhiteNewmont NevadaPhoenix Gold ProjectPogoPorcupineRed LakeRochesterRock Creek (Alaska)Round MountainRuby HillSeabeeSigma-LamaqueSleeping GiantSoledad MountainTimmins WestTouquoyTroilusTurquoise RidgeWestwoodWharfYoung-DavidsonLATIN AMERICAAgua RicaAlumbreraAngloGold MineracaoAngosturaAntapiteAurizonaAuroraCaeteCalcatreuCamp CaimanCasposoCerro BayoCerro CoronaCerro NegroCerro San PedroCerro VanguardiaChapadaChoco 10ConcordiaCrixas (Serra Grande)

CrucitasDoloresEl CastilloEl ChanateEl MorroEl PenonEl SauzalFazenda BrasileiroFruta del NorteGualcamayoGurupiHorizonteJacobinaKori KolloLa CamorraLa CienegaLa CoipaLa HerraduraLa LibertadLagunas NorteLas CristinasLimonLinderoLobo-MarteLos FilosMaricungaMarlinMercedesMinera FloridaMulatosOcampoOrcopampaPacienciaPalmarejoParacatuPascua-LamaPau a PiquePierinaPinos AltosPoracotaPueblo ViejoQuimsacochaRiacho dos MachadosRio BlancoRosebelSan AndresSan DimasSan FranciscoSan GregorioSan LuisSan Martin (Honduras)Santa LuzSao FranciscoSao VicenteTucano-AmapariTurmalinaVeladeroYanacochaZarumaAFRICAAhafoAkyemBambananiBaomahunBarbertonBeatrixBibianiBissa-ZandkomBlyvooruitzicht SurfaceBlyvooruitzicht UndergroundBogoso/PresteaBonikroBuckreefBuffelsfonteinBulyanhuluBurnstoneBuzwagiCentral RandChiranoCooke-Rand Uranium

Crown ConsolidatedDamangDoornkopDriefonteinEast RandEdikanElandsrand (Kusasalethu)ErgoERPMEssakaneEvanderFree StateFreegoldGeitaGolden PrideGounkotoGreat NoligwaHarmony SurfaceHassaiIduapriemInataItyJoelKalgoldKalsakaKibaliKinieroKloofKloof-Driefontein ComplexKopanangLefaLouloManaMasimongMassawaMoab KhotsongModder EastMorilaMponengMupaneNamoyaNavachabNew LibertyNorth MaraNzemaObuasiOrkneyPassendroPhakisaPhoenix (South Africa)President SteynSabodalaSadiolaSamira HillSavukaSiguiriSouth DeepSukariSyamaTabakotoTaparko-BouroumTargetTarkwaTasiastTau LekoaTauTonaTongonTshepongTulawakaTwangizaVaal River SurfaceVirginia OperationsWassaYaoureYatelaYougaZaraOCEANIAAgnewAldiss-Randalls

BallaratBeaconsfieldBlack FoxBoddingtonBronzewingBrucejackCadia HillCanadian MalarticCarosue DamCasa BerardiChallengerCoolgardieCourageous LakeCowalCracowDetour LakeDoyonDuketonEdna MayEleonoreEskay CreekFostervilleFrogs LegGold RidgeGoldexHammond ReefHemlo (Williams & David Bell)HentyHigginsvilleHope BayJoannaJundeeKalgoorlie Super PitKangaroo Flat (New Bendigo)KanownaKemess SouthKirkalockaKirkland LakeLapaLaRondeLavertonLeonoraMacraesMeadowbankMeliadineMount MagnetMount MongerMount RawdonMusselwhiteNorsemanOsbornePaddingtonPajingoPaulsensPeakPhoenix Gold ProjectPlutonicPorcupineRavenswoodRed LakeReeftonRidgewaySeabeeSigma-LamaqueSleeping GiantSouth KalgoorlieSouthern CrossSt IvesStawellSunrise DamTanamiTelferTimmins WestTouquoyTroilusTropicanaUnion ReefsVatukoulaWaihiWattle Dam

WestwoodWilunaYilgarn SouthYoung-DavidsonASIABatu HijauBorooChang Shan HaoChatreeCo-OCoplerEastern DragonEfemçukuruGosowongGrasbergHidden ValleyHishikariJinfengKainantuKisladagLihirMacoMartabeMasbateNorth LanutOk TediOyu TolgoiPenjomPorgeraSianaSimberiTanjianshanToka TindungWay LinggoWhite MountainCISAksuAlbazinoAlbynAsachaBerezitovyBestobeBlagodatnoyeBuryatzolotoDvoinoyeJerooyJuliettaKhakanjinskoyeKumtorKupolKuranakhMalomirMayskoyeMnogovershinnoyeNatalkaNezhdaninskoyeNovoshirokinskoyeOlympiadaPioneerPokrovskiySukhoi LogVasilkovskoyeVedugaVerninskoyeVorontsovskoyeVysochaishyZapadnoyeZholymbetEUROPECertejKittilaNalunaqOlympiasPerama HillRosia MontanaSkouriesSvartliden

1004648_V2.indd 3 07/10/2013 17:18

Visit thomsonreuters.com

For more information, contact your representative or visit us online. © 2013 Thomson Reuters. 1004648 09/13. Thomson Reuters and the Kinesis logo are trademarks of Thomson Reuters.

1004648_V2.indd 4 07/10/2013 17:18

Santo Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaS t H ib Th R t J k t I d i S t H ib Th R t I d i S t H ib Th R t J k tSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Har o ibo o Thomson Re ters Jakarta Indonesia Santo Har o ibo o Thomson Re ters Indonesia Santo Har o ibo o Thomson Re ters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters Jakarta

Santo Haryowibowo

Sales Specialist, Commodities and Energy

Mobile: +62.815.1085.2000

E il h ib @ h

Santo Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaS t H ib Th R t J k t I d i S t H ib Th R t I d i S t H ib Th R t J k t

Email: santo.haryowibowo@thomsonreuters.com 

Santo Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaS t H ib Th R t J k t I d i S t H ib Th R t I d i S t H ib Th R t J k tSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters JakartaSanto Haryowibowo Thomson Reuters Jakarta Indonesia Santo Haryowibowo Thomson Reuters Indonesia Santo Haryowibowo Thomson Reuters Jakarta