“Value Realization”Nevada – Our Foundation

• Transition to Underground
  • Deep Post & Deep Star
  • Gold Margin Corridor
  • Midas
  • Leeville

• Reserves
  • Open pit & stockpiles - 22.8 million ozs
  • Underground - 8.3 million ozs

1996 2001 2002E

Production (million ozs) 1.7 2.7 ~ 2.7

Cash Cost (US$/oz) 243 215 ~ 205-210

Twin Creeks, Nevada

Nevada

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