PEER GROUP MCAP Production Company Stage Share Price 52 week range (millions) estimates (AuEq koz) Kirkland Lake Gold Klondex Mines Richmont Mines Wesdome Argonaut Gold Sabina Gold & Silver Corp Mandalay Resources Primero Mining Pure Gold Kerr Mines Production Production Production Production Production Development Production Production Development Development $9.86 6.13 - 11.15 $4.77 4.07 - 7.95 $10.27 7.36 - 15.01 $3.61 1.47 - 4.40 $2.34 1.48 - 4.45 $1.72 0.84 - 1.87 $0.57 0.56 - 1.35 $0.75 0.70 - 3.42 $0.56 0.39 - 0.77 2,035 525 845 210-225 649 106-122 471 52-58 414 115-130 384 PEA ave est 198 257 138-163 142 176 105 PEA ave est 52-58 Figures denominated in Canadian dollars as at April 21, 2017 Kirkland Lake Gold Website Klondex Mines Corporate Presentation April 11 & 12 2017 Richmont Mines Corporate Presentation March 2017 Wesdome Corporate Presentation March 2017 Argonaut Gold Website Sabina Gold & Silver Corp Corporate Presentation March 2017 Mandalay Resources Corporate Presentation March 2017 Primero Mining Corporate Presentation March 2017 Pure Gold Corporate Presentation March 2017 18 * Source: ‘NI 43-101 Technical Feasibility Report Copperstone Project, La Paz County, Arizona’ dated 01/10/11, independently prepared by Dr. C. Anderson, T. Buchholz, C. Pratt, J. Brown, in accordance with the guidelines of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects $0.19 0.05 - 0.23 36 40-50