Kerr Mines Inc (KER)

[goldenpolarbear]

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