Gold Mines Industry Terminology

- 'Our closure plan includes a water treatment plant to neutralize AMD from waste rock dumps.' - 'Lime dosing costs for AMD mitigation are built into the AISC.' - 'The EIA baseline shows elevated sulfate downstream, indicating potential AMD pathways.'

- 'Company X guided AISC of $1,250/oz for FY25.' - 'Switching to a solar-diesel hybrid cuts AISC by roughly $40/oz.' - 'We benchmark in the second cost quartile on AISC.'

- 'The sericite-silica alteration halo vectors toward the higher-grade core.' - 'Portable XRF mapping of alteration helps refine drill targeting.' - 'Argillic alteration intensifies near the vein swarm.'

- 'Our supply chain policy outlines due diligence for potential ASM-sourced doré.' - 'The NGO partnership supports ASM formalization and mercury reduction.' - 'ASM encroachment near our license requires proactive community engagement.'

- 'Fire assays returned 4.1 g/t Au over 12 m.' - 'Assay turnaround times improved to 10 days.' - 'We validated lab assays with umpire testing.'

- 'The POX autoclave oxidizes arsenian pyrite before CIL.' - 'Autoclave availability has stabilized at 92 percent.' - 'We modeled a second autoclave to de-bottleneck sulfide throughput.'

- 'Cemented paste backfill allows earlier pillar recovery and reduces tailings in the TSF.' - 'Backfill strength meets the stope design criteria.' - 'Switching to paste backfill cuts haulage costs and surface impacts.'

- 'The pit will be developed on 10 m benches with 30 m berm intervals.' - 'Drilling and blasting patterns are optimized per bench height.' - 'Bench scale geotech mapping informs slope design.'

- 'The refinery delivered London Good Delivery 400 oz bars.' - 'Bullion shipments are hedged during transit.' - 'Doré is refined to bullion before sale to the offtaker.'

- 'Silver credits reduce our AISC by roughly $80/oz.' - 'We modeled copper by-product credits in the POX concentrate scenario.' - 'Payable zinc credits offset higher cyanide consumption.'

- 'CIL was selected over CIP due to lower capital for our ore type.' - 'CIL residence time is 24 hours to achieve 93 percent recovery.' - 'Preg-robbing risk is mitigated with CIL and carbon management.'

- 'Leach tanks precede a CIP adsorption train.' - 'CIP elution uses the Zadra process.' - 'CIP is preferred given the fine grind and low preg-robbing.'

- 'The ore is refractory, typical of Carlin-type systems.' - 'Trace arsenic in pyrite is a hallmark of Carlin mineralization.' - 'Oxide caps overlie deeper Carlin-type sulfide ore.'

- 'Cash cost is $900/oz, but AISC is $1,200/oz.' - 'We remain competitive on cash cost, though sustaining capex lifts AISC.' - 'Cash cost excludes corporate G&A and sustaining capital.'

- 'HPGR reduced specific energy versus SAG-ball.' - 'The ore is hard, with a high Bond Work Index driving power costs.' - 'Comminution accounts for the largest share of site energy use.'

- 'We optimized cut-off grade to maximize NPV.' - 'A higher gold price lowered the marginal cut-off.' - 'Stockpiles are managed based on dynamic cut-off strategies.'

- 'Our operations are fully certified under the Cyanide Code.' - 'The transporter is a Code signatory and audited.' - 'Cyanide detoxification meets Code standards before discharge.'

- 'The main decline is developed at a 1 in 7 gradient for truck access.' - 'Vent raises connect to the decline at each level.' - 'Decline advance averages 4.5 m per day.'

- 'Unplanned dilution lowered head grade by 12 percent.' - 'Tighter blast control reduced dilution in narrow stopes.' - 'Our reconciliation model separates planned versus unplanned dilution.'

- 'We poured 18 doré bars this month for shipment to the refinery.' - 'Doré averages 85–95 percent precious metals.' - 'Security protocols cover doré handling from furnace to vault.'

- '20 m at 3.5 g/t Au from 120 m downhole' - 'We report true width where possible; otherwise we provide an estimated conversion.' - 'High-grade intercepts define a plunging shoot.'

- 'The EIA baseline includes hydrology, biodiversity, and social data.' - 'We incorporated community feedback into the EIA mitigation plan.' - 'EIA approval is on the critical path for construction start.'

- 'Quartz-adularia veins indicate a low-sulfidation epithermal system.' - 'Vuggy silica suggests high-sulfidation alteration.' - 'Bonanza-grade shoots occur within the epithermal vein field.'

- 'Investors are asking for TCFD-aligned climate disclosures in our ESG report.' - 'Our ESG KPIs include TRIFR and water intensity.' - 'Community agreements are central to our ESG strategy.'

- 'The FS supports a 2.8 Mtpa plant over a 12-year LOM.' - 'Capex accuracy in the FS is within plus or minus 15 percent.' - 'The FS underpins conversion of resources to Proven and Probable reserves.'

- 'We float a pyrite concentrate for POX treatment.' - 'Xanthate collectors improved gold recovery into the sulfide concentrate.' - 'Flotation tails proceed to CIL for residual recovery.'

- 'We layered forward sales at $2,200/oz to secure debt covenants.' - 'A zero-cost collar protects downside but caps upside.' - 'Hedge book mark-to-market is disclosed quarterly.'

- 'Higher grades in H2 boost FCF and allow debt prepayment.' - 'Our dividend policy targets 30 percent of FCF.' - 'Sustaining capex timing affects quarterly FCF volatility.'

- 'Recovery penalties in the arsenic-rich domain are built into the geo-met model.' - 'We linked hardness and recovery to the block model for scheduling.' - 'Geomet data supports ore sorting decisions.'

- 'Variography shows strong anisotropy along the vein strike.' - 'Ordinary kriging was used for the resource model.' - 'Multiple indicator simulation captures grade uncertainty.'

- 'We report AuEq using $1,900/oz Au and $24/oz Ag with stated recoveries.' - 'By-product copper increases AuEq head grade.' - 'Disclosure includes AuEq calculation assumptions per NI 43-101.'

- 'Head grade averaged 2.1 g/t this quarter.' - 'Selective mining reduced dilution and lifted mill feed grade.' - 'Reserve grade is higher than resource grade due to cut-off selection.'

- 'The oxide ore will be processed via heap leach and ADR plant.' - 'Cold climate requires solution heating for winter leaching.' - 'Pad stacking rates determine leach cycle times.'

- 'The high-grade shoot plunges to the southeast.' - 'A 20 g/t cutoff was used to cap extreme high grades in estimation.' - 'High-grade lenses drive early cash flow in the mine schedule.'

- 'Indicated resources support PFS-level mine planning.' - 'Drill density improved confidence from Inferred to Indicated.' - 'We converted part of Indicated to Probable reserves.'

- 'Inferred ounces are excluded from the production schedule.' - 'Follow-up drilling aims to upgrade Inferred to Indicated.' - 'NI 43-101 restricts using Inferred for economic analysis.'

- 'The FS shows a post-tax IRR of 21 percent at $1,850/oz.' - 'IRR is most sensitive to gold price and head grade.' - 'We target an IRR above 15 percent for greenfield projects.'

- 'Resources and reserves are reported to the 2012 JORC Code.' - 'A Competent Person signed off on the JORC Table 1.' - 'Our dual-listing requires JORC and NI 43-101 alignment.'

- 'We operate the JV at 60 percent, partner holds 40 percent.' - 'The earn-in JV requires $15M of spend over four years.' - 'JV terms include dilution for non-participation.'

- 'Ordinary kriging smoothed high-grade spikes; we applied top cuts.' - 'Kriging variance guided classification to Inferred and Indicated.' - 'Search ellipses reflect structural anisotropy.'

- 'The pad uses double HDPE liners with leak detection.' - 'Stack heights are limited by slope stability analysis.' - 'We plan a westward pad expansion in Year 3.'

- 'The LOM plan delivers 2.0 Moz over 11 years.' - 'LOM strip ratio averages 5.2 to 1.' - 'LOM closure costs are provisioned in our accounts.'

- 'Reserves increased to 1.8 Moz Proven and Probable.' - 'Reserve conversion followed completion of the FS.' - 'Modifying factors like dilution and recoveries are applied to reserves.'

- 'Measured and Indicated resources total 3.5 Moz.' - 'Resources are reported above a 0.5 g/t cutoff.' - 'Reasonable prospects for eventual economic extraction must be demonstrated.'

- 'Post-tax NPV at 5 percent is $620M.' - 'NPV sensitivity is strongest to gold price and grade.' - 'We discounted at WACC to derive NPV.'

- 'Our technical report is compliant with NI 43-101.' - 'A Qualified Person must approve material scientific disclosures.' - 'We filed the 43-101 within 45 days of the news release.'

- 'Pushbacks are designed to optimize cash flow.' - 'Overall slope angles reflect geotechnical domains.' - 'The Whittle shells guided ultimate pit limits.'

- 'The orebody is a steeply dipping quartz vein system.' - 'Orebody continuity improves along the anticline hinge.' - 'Orebody knowledge is central to dilution control.'

- 'The project carries a 2 percent NSR royalty payable to the vendor.' - 'We negotiated a royalty buyback to improve project NPV.' - 'Streaming and royalties affect the effective tax and cash cost.'

- 'We are transitioning to filtered tailings to reduce TSF risk.' - 'The TSF is designed to the global industry standard on tailings management.' - 'Instrumentation monitors pore pressures and dam performance.'